Pepe ($PEPE )

$PEPE breaks out of channel

Source: TradingView

$PEPE is breaking out of the descending channel once more. However, it still remains to be seen if this breakout will be successful, or whether yet another fake-out could dash the hopes of the bulls.

The price is at resistance now, and therefore a big effort is required in order to break past this and settle above. It should also be noted that a potential bearish head and shoulders pattern could be waiting to ambush the bulls if the price does go higher. 

Bullish targets are $0.000023 at the 0.618 Fibonacci, and $0.000025 at the 0.786 Fibonacci. The all-time high at $0.000028 will also need to be surpassed if pepe is to continue its bull market trend.