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PEPE is currently trading near its recent high of 0.000008, indicating a strong bullish trend. The token has shown significant growth in recent times, and its proximity to the high price suggests a potential continuation of the uptrend.
Support:
- Immediate support: 0.0000075 (previous resistance level)
- Strong support: 0.0000065 (50% Fibonacci retracement level)
Resistance:
- Immediate resistance: 0.0000085 (next psychological level)
- Strong resistance: 0.0000095 (100% Fibonacci extension level)
Analysis:
The recent high of 0.000008 serves as a crucial resistance level. A breakout above this level could lead to further price appreciation, potentially targeting the next resistance level of 0.0000085. Conversely, a rejection at this level could result in a pullback to the support levels mentioned above.
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