Shocking Rally Alert: $PEPE ( PEPE USD ) Set to Skyrocket with New Bullish Pattern!

$PEPE ( $PEPE USD) is exhibiting strong price action as it forms a Channel Up pattern. Breaking below the 1D MA100 (green trend-line) today for the first time since February 24, 2024, signals the formation of a new bottom (Higher Low) within the Channel Up.

Previous Bearish Legs within the pattern emerged through Channel Down formations (dotted lines), followed by Bullish Legs through Channel Up formations (dashed lines). A break above the 1D MA50 (blue trend-line) will confirm the start of the new Bullish Leg.

The 1D RSI is already hinting at a potential early buy signal. If the next rebound sees consecutive 1D candles trading sideways, it will present an early buying opportunity. The ultimate support level remains the 1D MA200 (orange trend-line).

The last Higher High formed just below the 2.0 Fibonacci extension from the Low, setting our new target at 0.00002500 (just below Fib 2.0).