$PEPE path to $0.00001725: How a bullish flag could lead the way - AMBCrypto Analytics

A bullish flag, a technical pattern characterized by converging upper and lower diagonal lines, often predicts a price surge following a prolonged period of consolidation. This pattern is currently evident in PEPE’s chart, and it is anticipated to propel the price to as high as $0.00001725, the pattern’s peak. While it’s possible that prices may continue to fluctuate within this pattern for some time, a breakout is expected eventually.

Retail trader interest in PEPE has been rising, as indicated by the MACD. Recent analyses show the MACD displaying increasing bullish strength, with the MACD line (blue) crossing above the signal line (red) and ascending into the positive region. MACD is a key trading indicator in the technical analysis of crypto prices, highlighting changes in the strength, direction, momentum, and duration of a price trend. Additionally, the CMF has broken into the positive zone, rising consistently since the 15th of August. An increasing CMF suggests a growing inflow of liquidity into PEPE. These indicators collectively suggest that PEPE is primed for a rally. Furthermore, the analysis shows that the number of active daily addresses for PEPE has also been increasing, adding to the optimistic outlook.