The $PEPE/USDT chart is painting an exciting picture! đ On the 1-hour timeframe, we're witnessing a bullish falling wedge breakout! đ„ This classic pattern signals a surge in upward momentum.
Price Action: The price has bounced off the lower trendline like a spring, đ propelling itself towards the resistance level at 0.000002400.
Bollinger Bands: These bands are narrowing, indicating a period of low volatility. đ€« This "calm before the storm" often precedes a powerful breakout.
Stochastic RSI: At a healthy 60.01, the Stochastic RSI suggests plenty of room for upward movement. đ€©
RSI Divergence: The RSI Divergence Indicator at 40.90 confirms a bullish divergence, adding fuel to the fire. đ„
If trading volume picks up, $PEPE could skyrocket towards 0.000002791, aligning perfectly with the bullish breakout projection. đ
Zooming Out:
The weekly TOTAL3 chart reveals a cup-and-handle breakout! âïž This is a powerful bullish signal for the entire altcoin market, including our beloved $PEPE.
Bollinger Bands: A decisive breakout above the $1.04T resistance level has occurred. đ„
Stochastic RSI: At 90.80, the Stochastic RSI is overbought, indicating strong bullish momentum. đ
RSI Divergence: The RSI Divergence Indicator at 71.64 confirms robust upward momentum. đ„
Volume: Volume analysis supports a bullish continuation, with a clear retest of the previous resistance (now support) level. đ
This bullish outlook for the altcoin market suggests a strong move towards $2T is on the horizon, further boosting $PEPE's potential. đ
Liquidity Map:
The $PEPE liquidation heatmap reveals a significant liquidity zone near $0.024. đ° This indicates substantial buying support in this area. If the price can stabilize above this level, it will signal strong bullish momentum.
Decreasing liquidations further reduce downward pressure, creating a more favorable environment for $PEPE to ascend. đ
Entry: 0.00001800 or Market Price
Targets:
1st Target: 0.00002423
2nd Target: 0.00002667
3rd Target: 0.00002779
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