🔥🔥$PEPE Coin Price Analysis: 12% Rally Signals Breakout to $0.00002🔥🔥
Pepe has experienced a significant uptrend, surging by 80% over the past week. This growth is marked by consistent higher highs and higher lows, indicating a strong bullish trend.
✅Recent Surge
📝**Eth ETF Boost**: Following the Ethereum ETF approval news, PEPE's momentum surged. Unlike typical market behavior, there was no significant pullback.
📝**Current Price**: PEPE is now at $0.00001674, a 12% increase in the last 24 hours and an 80% rise over the past week.
✅New All-Time High
📝**Record High**: PEPE reached a new all-time high of $0.00001706, just a week after its previous peak.
📝**ERC20 Advantage**: As an ERC20 token, PEPE benefits from the hype generated by the Ethereum ETF news.
✅Bullish Indicators
📝**Growing Holders**: The number of PEPE holders has increased to 231,977, a 0.26% rise in the past 24 hours.
📝**Strong Support**: The price is trading above the 50-day and 200-day simple moving averages (SMAs), indicating robust bullish sentiment.
✅Potential Corrections
📝**Support Levels**: Key support levels are around $0.00001387 and $0.00001100, which might attract investors after a retracement.
📝**RSI Indicator**: The Relative Strength Index (RSI) is at 69.44, just below the overbought threshold, suggesting a possible short-term correction.
✅Future Outlook
📝**Resistance Levels**: PEPE is expected to tackle resistance levels at $0.0001863, $0.00002123, and $0.00002607.
📝**Ascending Triangle Breakout**: The recent breakout from a 5-month ascending triangle pattern suggests a profit margin potentially reaching $0.00002090.
📝**Continued Growth**: If the bullish trend continues, PEPE could surge another 25% from its current price.
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