$PEPE 24 hours of frenzy nearly 4%, is this a rhythm to the sky?
Have you heard? The Pepe coin has been incredibly hot recently, rising nearly 4% in just 24 hours, it’s like it’s sprouted wings and is ready to fly! However, the journey hasn’t been smooth; Pepe coin once dipped to a low of $0.00001964, which really made people sweat.
But the good news is that Pepe coin has broken out from a long-term bullish triangular consolidation, with a weekly increase that’s outrageous, reaching as high as 85.6%! Right now, its price is hovering around $0.00002057, like it's preparing for a big move.
However, the road ahead isn't so easy. The resistance level at $0.00002300 is like a mountain in front of Pepe coin; overcoming it won't be easy. Why do I say this? Because this price point is a psychological barrier, and many people will be torn about whether to sell and take profits. Moreover, data shows that large holders have been retreating recently, and the number of trades has also decreased significantly, further increasing the difficulty of a breakthrough.
But we can’t give up so easily! Pepe coin has the potential to break through this resistance; once it does, the increase could be extraordinary, even up to 1000%! Why am I so confident? Because Pepe coin is currently in an upward trend, not only has it broken through the long-term symmetrical triangle pattern, but it also has support from increasing trading volume and a parabolic curve, and technical indicators show it has strength.
What's more impressive is that the big shot Elon Musk has mentioned Pepe coin on Twitter, and this exposure is no joke! His tweets can stir up the market, and everyone is looking forward to his next tweet about Pepe, hoping it will bring more bullish sentiment.
Besides that, Pepe coin has a good trading volume among the top 20 cryptocurrencies by market capitalization and has been listed on major platforms like Coinbase and Robinhood, showing strong capabilities. Furthermore, Bitcoin's price greatly influences Pepe coin; if Bitcoin continues to soar, Pepe coin might just hit a historical high!
Position yourself in potential coins in advance, like + comment, keep up with my rhythm, and make a fortune in this round of bull market!
