📈 Analysis and Prediction (PEPE and NEAR):
🚀 PEPE/USDT - During the period from mid-September to mid-October, PEPE formed a double bottom pattern around $0.00000061. The subsequent surge confirmed a crucial resistance level at around $0.00000147. This area has played a significant role as both support and resistance, making it pivotal for the trend. PEPE surpassed this level and managed to close the day above it. This could signal the end of a prolonged accumulation period, indicating a shift into an uptrend. The breakthrough above this key resistance became possible thanks to a series of 6 bullish candles starting on November 30. Calculating from the bottom to the top of today's upper wick, #pepe has gained 61.50% during this period. Traders and memecoin community members anticipate further growth from PEPE. Share your thoughts below! Forecast: On the 6-hour timeframe, it is evident that the breakthrough above the key resistance at $0.00000147 is supported by increasing trading volume. Furthermore, the RSI is in overbought territory (above 88) but has not yet formed bearish divergence. If the uptrend continues, the next target will be the $0.00000190 level, which served as resistance in July 2023. A confident breakthrough above will confirm the transition to sustained growth.
📆 NEAR/USDT - The weekly timeframe shows that the price has been rising since breaking above the long-term descending resistance line in October. The upward movement has been swift, with the asset forming only one bearish weekly candle. Additionally, the altcoin has reclaimed a crucial horizontal resistance area. Forecast: The daily chart is signaling bullish trends. Price dynamics reveal that, despite the initial bounce, on December 4, #near broke the 0.618 Fibonacci level, indicating that the upward movement was not corrective. The daily RSI also signals bullish trends, growing above the 50 level and breaking the bearish divergence trendline. If the growth continues, the price may rise by another 15% and reach horizontal resistance at $2.70.
🗣️ Share your insights below!