🔥PEPE ANALYSIS: Strong Buy, Hold
Pepe has shown impressive recovery, the meme coin breached our bearish move, followed by consolidation sideway movement in the past week.
The crypto had a breakout on Monday at $0.0000086 which triggered a bullish push to the current price of $0.0000119, Killing the zero back.
PEPE coin has turned the $0.000009 critical resistance to the support zone and now trading near to $0.000012 resistance zone. A breakout above this will add up +20% surge, if the resistance rejects to lose, the PEPE price will see a pullback to $0.000009.
A report by IntoTheBlock shows that a few large holders of PEPE have offloaded their holdings, giving retail investors confidence.
The PEPE/USDT Chart reveals a bullish continuation of the price with a slight retracement of price to overcome the overbought zone as seen in the RSI.
The Bollinger bands indicator shows an increased width between the upper and lower band, which means the volatility has been reduced and the price could stabilize. Also, the price away from the center line shows a more upside potential of PEPE.
