$PEPE Next target analysis:
For the next target analysis of PEPE/USDT based on the chart provided, here are potential levels to consider:
1. Immediate Resistance Level (0.00002344): The recent high at 0.00002344 is the first target to watch. Breaking this level with strong volume could confirm a continuation of the upward trend. If this level is broken, it can serve as support, giving confidence to a bullish outlook.
2. Next Resistance Levels:
0.00002600: This is a psychological level that could act as resistance if the price maintains an upward trajectory. Often, whole-number levels attract buying or selling pressure.
0.00003000: A significant level due to the round figure, where traders may set profit targets or anticipate resistance. If PEPE has strong bullish momentum, this could be a medium-term target.
3. Support Levels:
EMA Levels (25 EMA at ~0.00001781 and 99 EMA at ~0.00001296): These EMA levels serve as dynamic support points. A drop to these levels could indicate that the bullish trend is weakening.
0.00001880: This recent low could be a critical support level. If the price falls below this, it may signal a more bearish move.
Summary
First Target: 0.00002344 (breaking this opens the path for higher targets)
Second Target: 0.00002600
Higher Target: 0.00003000 (if bullish momentum continues)
Recommendation
If the price breaks and holds above 0.00002344, consider the next targets for partial profit-taking or trailing stop placements. If it faces rejection, look for support at the EMA levels or 0.00001880 to assess a possible re-entry.