🚀💥 Attention all investors! PEPE is about to explode! 💥🚀
The meme cryptocurrency $PEPE , already well-known for its impressive moves, is back in the spotlight with a performance that leaves no one indifferent. Last week, the price of PEPE formed a double bottom and bounced off the critical support around $0.00000700. With buying activity up by over 30%, PEPE has revisited the key resistance at $0.00001000 and seems ready to break through it. Since Jerome Powell’s intervention, meme coins, including PEPE, have been on a meteoric rise.
PEPE is currently on the edge of a breakout zone. If the trend continues, it could well break the descending trendline and trigger a new bullish rally. With a possible breakout above the 100-day EMA, the outlook is clear: a bounce above $0.00001000 could trap the bears and propel PEPE to new highs.
🔮 What's next for PEPE?
As the market recovers, meme coins are coming back to life, and PEPE has already surged over 30% this week! After breaking out of its weekly consolidation zone, PEPE has taken on the crucial resistance at $0.00001000.
The bulls are back, and they are flexing their muscles, looking to break above the 100-day EMA to start a new bullish phase. However, one doubt remains: investors seem hesitant to validate this reversal.
At the time of writing, PEPE was trading at $0.000009054, registering a slight intraday decline of 0.98%. The CMF (Chaikin Money Flow) decreased slightly, stabilizing at 0.01, suggesting that the inflow of capital into PEPE could increase soon. Furthermore, the RSI at 53 indicates that the bullish momentum remains strong, without reaching the overbought zone.
❤️ Like | 💬 Comment | ↪️ Share 🚀
🔥 Please follow @Coinaute e Binance Square account ! 🚀🔥
Binance Square #coinaute
