Pepe Price Forecast After 16.5% Monthly Growth – What’s Next for PEPE?
Analyzing the monthly chart, PEPE price has increased by 16.5% to reach $0.00001155. The gains reflect strong bullish momentum over the last month. However, the recent consolidation within the symmetrical triangle pattern suggests that the uptrend may be temporarily stalled.
Immediate resistance on the monthly chart lines up with the daily chart, with key resistance levels at $0.00001228, $0.00001278, and $0.00001334. On the support side, $0.00001145, $0.00001109, and $0.00001079 are key levels.
Given the 16.5% gain, traders should be on the lookout for a breakout of the Symmetrical Triangle pattern.
Pepe Price Prediction
PEPE/USDT
PEPE earlier traded at $0.00001154, reflecting a 0.77% decline. The key pivot point is marked at $0.00001183, represented by the green line.
Immediate resistance is located at $0.00001228, $0.00001278, and $0.00001334. These resistance points indicate that PEPE may encounter selling pressure if it attempts to move higher.
On the downside, immediate support is seen at $0.00001145, with further support at $0.00001109 and $0.00001079.
The relative strength index (RSI) is at 51, indicating neutral market sentiment. The 50-day exponential moving average (EMA) at $0.00001145 provides additional support near the pivot point.
The Symmetrical Triangle pattern limits PEPE's volatility, indicating neutral market sentiment. This pattern suggests traders should remain cautious as a breakout in either direction could determine the next significant price movement.
Symmetrical triangles often indicate a period of consolidation that may result in a continuation or reversal of the previous trend, depending on the direction of the breakout.
Given these technical indicators, traders should consider selling positions if PEPE falls below $0.00001183. Conversely, if the price breaks above this level, it could signal a potential uptrend.
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Original article: https://cn.cryptonews.com/news/pepe-price-prediction-following-16-5-monthly-increase-whats-next-for-pepe.htm
