Prediction of Pepe Price After 18% Monthly Gain - Where Does PEPE Go From Here?
The price of PEPE has increased by 18%, reaching $0.00001155, according to the monthly chart. The significant upward momentum from last month is reflected in this climb. New consolidation inside a symmetrical triangular formation, however, may indicate a possible halt to the rising trend.
The monthly and daily charts show that $0.00001228, $0.00001278, and $0.00001334 are important levels of resistance to keep an eye on. Important support levels are $0.00001145, $0.00001109, and $0.00001079.
Traders should keep an eye out for a break from the symmetrical triangular pattern, considering the 18% gain.
Forecasting the Value of Pepe
At the current price of $0.00001154, PEPE/USDT has fallen 0.77 percent. At $0.00001183, the green line indicates the pivot point.
At$0.00001228,$0.0000128, and $0.00001334, you'll find immediate resistance levels. If PEPE tries to increase, these resistance marks might indicate possible selling pressure.
When looking at the downside, the $0.00001145 level provides immediate support, while the $0.00001109 and $0.00001079 levels provide additional support.
A reading of 51 on the Relative Strength Index (RSI) suggests that market sentiment is neutral. At $0.00001145, the 50-day Exponential Moving Average (EMA) offers more support close to the pivot point.
The fact that PEPE is now constrained by a symmetrical triangular pattern implies that it has no bias whatsoever. A breakout in either direction might influence the next important move, therefore traders should be cautious according to this pattern.
Based on the breakout direction, the symmetrical triangle usually indicates a consolidation phase that might result in either a continuation of the preceding trend or a reversal.
If PEPE drops below $0.00001183, traders might think about selling based on these technical indications. In contrast, a price breakout above this level might indicate an impending rising trend.
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