PEPE consolidates at a major Fibonacci zone, creating opportunities for strong upward movement.
A rounding bottom pattern signals bullish momentum, drawing attention to potential price increases.
Analysts project PEPE may achieve significant gains if it holds above its critical support level.
PEPE’s price consolidates at the key 0.618 Fibonacci level of 0.00001515 USDT, signaling a potential bullish breakout. The token exhibits strong accumulation, supported by technical indicators like the rounding bottom formation. Analysts project significant upward targets, potentially reaching 0.00003340 USDT.
Source: Rose Premium
Key Fibonacci Zone Holds Strong
PEPE is stabilizing around 0.00001515 USDT, a crucial Fibonacci retracement level, also known as the golden pocket. This level often signifies trend reversals when combined with strong accumulation.
According to Rose Premium, a respected analyst, this area is pivotal for PEPE’s bullish potential. Prices consolidating at such retracement levels tend to rally significantly when volume supports the move.
The Fibonacci zone aligns with broader technical patterns, making it a decisive point for the token’s next direction. Moreover, traders are eyeing this level as a possible launchpad for future price gains.
Rounding Bottom Formation Strengthens Bullish Sentiment
Besides holding the Fibonacci zone, PEPE’s chart displays a rounding bottom pattern, signaling a shift from bearish to bullish sentiment. This formation often leads to significant price increases when confirmed with strong market support.
The token’s current price behavior suggests accumulation among buyers, further solidifying bullish momentum. Rose Premium emphasized that the rounding bottom adds credibility to the possibility of an impending breakout.
If the price sustains above 0.00001515 USDT, traders can expect stronger bullish moves in the coming sessions. This pattern complements the Fibonacci zone, providing a double layer of technical support.
Projected Targets Indicate Substantial Gains
If bullish momentum accelerates, PEPE could achieve a series of critical price targets that represent incremental gains. Analysts predict the first significant target at 0.00002511 USDT, reflecting a 65% increase from current levels. As momentum builds, the next projected level is 0.00002942 USDT, marking a 94% potential gain. The most ambitious target sits at 0.00003340 USDT, suggesting a total increase of 120% from its consolidation point.
These projections, outlined by Rose Premium, are based on Fibonacci extensions and historical price movements. They reflect the growing market optimism surrounding PEPE if current support levels hold. Any breach below the 0.00001515 USDT support level, however, could invalidate the bullish setup and potentially lead to lower Fibonacci retracement zones.
