$PEPE Leads Market Surge Over Other MEME Coins
PEPE is up over 10%, outperforming meme currencies. The price may soar toward $0.0000125 soon.
PEPE rose again over $0.0000105.
The price is above $0.0000110 and the 100-hour SMA.
Kraken data shows a breakthrough pattern with resistance around $0.0000115 on the hourly PEPE/USD chart.
If the pair closes over $0.0000115, it may rally.
Over 10% PEPE Price Increase
PEPE has steadily risen over $0.000010 barrier in recent sessions. It outperformed Bitcoin, Ethereum, and MEME. Bulls pushed the price over $0.0000110 with a 10% rise.
It reached $0.00001148 and is consolidating. Price is maintaining gains above the 23.6% Fib retracement line of the $0.00000959 swing low to $0.00001148 high. It also exceeds $0.000011 and the 100-hourly SMA.
Resistance around $0.0000115 is immediate. The hourly PEPE/USD chart shows a breakthrough pattern with resistance around $0.0000115.
First major resistance is around $0.00001155. Price may rise if it closes over $0.00001155 barrier. Near $0.000012 is next important obstacle. Bulls may surge toward $0.0000125 if they stay above $0.000012. More advances might push price near $0.0000132 resistance.
Are Dips Limited?
A bearish correction may occur if PEPE fails to break $0.0000115. Initial downside support is $0.0000110. The 50% Fib retracement level of the upward trend from the $0.00000959 swing low to the $0.00001148 high is $0.0000105, the next significant support.
If the price breaks down and closes below $0.0000105, it may accelerate downward. Prices might drop below the $0.000010 support zone.
Tech Indicators
Hourly MACD - PEPE/USD MACD is rising in the positive zone.
PEPE/USD's hourly RSI is over 60.
Major Support Levels: $0.0000110, $0.0000105.
Major resistance levels: $0.0000115, $0.0000120.
