$PEPE Poised for 17% Surge: Should Traders Go Long?
- AMBCrypto Analytics
PEPE, the third-largest memecoin by market cap, is showing strong potential for a rally despite ongoing volatility in the broader cryptocurrency market. While major assets like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are seeing notable gains, PEPE is garnering increased attention from investors and whales.
Technical analysis highlights bullish signals on PEPE's daily chart, supported by a descending triangle pattern on the four-hour timeframe. A breakout above the $0.0000243 resistance level, confirmed by a four-hour candle close, could trigger a 17% rally, pushing the price to approximately $0.000028. Additionally, PEPE's Relative Strength Index (RSI) remains below the overbought threshold, leaving room for further upside momentum.
Currently trading at $0.0000235, PEPE has gained over 1.5% in the last 24 hours, alongside a 15% surge in trading volume—indicating heightened investor activity. On-chain metrics and recent price movements suggest an imminent breakout, with both traders and long-term holders positioning themselves for potential gains.
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