$PEPE analysis
1. Price Movements
- The price has been moving within a rising channel since February.
- After reaching a peak in mid-June, the price started to decline and formed a triangle pattern.
- By mid-July, the price seems to have broken out above this triangle formation, indicating a potential upward movement.
2. Chart Patterns
- Initially, the price was within an ascending channel but later fell below this channel, forming a descending triangle pattern.
- The recent price action suggests a breakout above the resistance line of the descending triangle, signaling a bullish move.
3. Support and Resistance Levels
- Significant support levels are observed around 0.00000800, 0.00000600, and 0.00000400.
- Resistance levels are identified at 0.00001200, 0.00001600, and 0.00002200.
4. Technical Indicators
- Daily price changes indicate upward momentum.
- A 12.83% increase suggests strong buying pressure.
