This week, the PEPE price has surged by an impressive 70%, indicating strong momentum and increased buying activity within the market.
Analysis of the daily chart reveals a breakout pattern known as a rounding bottom, signaling a reversal towards a bullish trend.
This breakout has successfully pushed the PEPE price above the psychologically significant level of $0.00001.
Following the rounding bottom breakout, there has been a neckline breakout, further extending the bullish trend by an additional 70% during this week.
Pepe's price movement demonstrates a consistent pattern of forming higher lows and higher highs, suggesting a sustained upward trend.
A 65% surge this week forms a bullish engulfing candle on the weekly chart.
According to Coingabbar prediction, With higher highs forming and momentum from the rounding bottom breakout, investors expect PEPE to surpass $0.00002000.
If bulls can't break $0.00001600, they might retreat to the $0.00001380 support, tested twice before.
KEY LEVELS :
RESISTANCE LEVEL : $0.000020000-$0.000025000
SUPPORT LEVEL : $0.000011500-$0.000009000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
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