PEPE (PEPE):
The #PEPE coin prepares for a trend reversal rally by making a wedge pattern within a larger falling channel pattern. The PEPE price action teases a breakout rally at play by surpassing the overhead trendline in the recent recovery run.
Furthermore, the bullish recovery rally accounts for a price jump of 10% in the last three days and challenges the merged 50 and 200-day EMA. As the recovery rally gains momentum, a breakout above the 200-day EMA will avoid a death cross event.
Supporting the bullish scenario, the daily RSI line is on an uptrend, surpassing the halfway line. Furthermore, the intraday gain of 4.12%, creating a bullish engulfing candle, signifies a solid breakout of the overhead trendline.
Based on the price action levels, the crucial resistances for the altcoin are $0.0000010, $0.0000012, and $0.00000165. Hence, with an upside of almost 112%, PEPE is worth considering buying in this new crypto bull run.
