#Write2Earn #Write2Earn The PEPE price has increased since February, breaking out from horizontal and diagonal resistance levels.
Has PEPE begun a new bullish trend that will take it to new highs, or is this just a relief rally? Let’s find out!
PEPE Reclaims Resistance
The technical analysis of the daily time frame shows that the PEPE price has fallen under a descending resistance trend line since December 2023. The downward movement led to a low of $0.00000086 on February 5, 2024.
PEPE has increased since, reclaiming the $0.00000100 horizontal area. The price also broke out from a descending resistance trend line, reaching a high of $0.00000131 today.
The daily Relative Strength Index (RSI) gives bullish signs. Market traders use the RSI as a momentum indicator to identify overbought or oversold conditions and to decide whether to accumulate or sell an asset.
What Are Analysts Saying?
Cryptocurrency traders and analysts on X positively view the future PEPE trend.
