PEPE's market phases and key price targets are worth watching. By identifying these phases, investors can seize the right buying and selling opportunities.
Currently, PEPE seems to be in a phase ready to rise. First is the accumulation phase, which is usually accompanied by an inverted head and shoulders pattern, indicating the beginning of a reversal trend. After the accumulation is completed, PEPE is expected to usher in a strong rebound.
Next, PEPE may enter a re-accumulation phase, and a symmetrical triangle consolidation pattern appears. This is a moment when buyers and sellers are evenly matched, and traders can look for strength and weakness signals in the market at this stage. When the consolidation is completed, the last wave of gains is expected to drive the price into the distribution phase, when early investors choose to take profits and the market sells The pressure rises.
Key price targets that traders should pay attention to
The short-term target is $0.00001885. If the market continues to strengthen, this target may be reached soon. Next, the medium-term targets are $0.00002695, $0.00003995, and $0.00005295.
Each target is a key pressure level, and whether it can be broken depends on market sentiment and external environment. PEPE's market cycle provides traders with clear operating guidelines, and the rebound after accumulation is very potential. Keeping a close eye on price trends can help investors make more rational decisions in the volatile crypto market.