$PEPE strong breakout above 0.00001350 indicates a bullish continuation.Increased trading volume supports the upward trend, suggesting high trader interest and participation.
Support and Resistance Levels:
Support:
Immediate support is around 0.00001350, where the price consolidated earlier.
Major support is at 0.00001280, where the last significant breakout began.
Resistance:
Current resistance is at 0.00001477 (24-hour high).
A breakout above this level could lead to new highs.
Outlook:
Bullish Case:
If the price breaks above 0.00001477 with strong volume, it could target higher levels near 0.00001550 or beyond.
Bearish Case:
If RSI continues to remain overbought, a pullback toward 0.00001380 or 0.00001321 (moving average support) may occur before resuming upward momentum.
Recommendation:
Traders: Monitor for a breakout above 0.00001477 or a pullback to support levels before re-entering.
Risk Management: Set stop-loss below 0.00001321 to minimize downside risk in case of a trend reversal.
