Pepe Price Might Break Major Resistance as Bullish Signs Emerge

The #Pepe price is attempting to overcome the resistance level at $0.00001218. Should it manage to flip this barrier into support within the next 8 hours, the meme coin might have the foundation needed to keep rising.

Traders could then look to enter into a long position for the crypto, which might lead to it climbing to the subsequent resistance at $0.00001325 in the following 48 hours. Continued buy pressure if the altcoin rises to this point could lead to the PEPE price overcoming this obstacle as well.

In an extremely bullish scenario, the Pepe price might surge to as high as $0.00001455 in the short term. However, a rejection from the $0.00001218 resistance within the next 12 hours might prevent the strong upside move from happening.

Traders will most likely see this rejection as a short entry signal. This potential sell pressure might lead to the Pepe price seeking support from the $0.00001137 mark. A break below this crucial level could then expose $PEPE to the risk of plunging to the next key point at $0.00001083. #Memecoins #MemeWatch2024 #altcoins
The full analysis and trade strategy were originally posted on ecoinimist.com.