Pepe [PEPE] is in a strong uptrend and reached a recent local high. The recent expected upside of 30% is evidenced by the recent rally.
Whales are also accumulating coins in anticipation of continued gains. The weighted sentiment behind the meme coin is also positive,
The local high was breached and the next target is clear
In the first half of March, PEPE rose to $0.00001084 and faced rejection. The decline only reached the 61.8% Fibonacci retracement level before starting a recovery (
Once the $0.00000796 level flipped to support, the bias turned strongly bullish.
Moreover, the RSI on the daily chart has been above the neutral 50 for nearly a month. The OBV is also in a strong uptrend, conveying a huge buying pressure. Together, they support the idea of further gains.
The 23.6% and 61.8% extension levels are the next bullish targets.
As Bitcoin [BTC] may see some volatility, PEPE Progress to these levels may take some time to work.
Futures markets convey a firm bullish conviction
At present, the bull market is surging, and we have the opportunity to share passwords every day.
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