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PEPE Set to Explode? Chart Says Yes!
- PEPE price is showing signs of a breakout on both the hourly and daily charts, with the memecoin attempting to reclaim lost ground.
- The daily chart indicates a bounce from the 100-day SMA, while the hourly chart exhibits a bullish structure with higher lows and higher highs.
- Momentum is increasing, suggesting a potential test of higher Fibonacci levels.
- The hourly chart shows PEPE price climbing above the SMA cluster, aiming for the $0.00001360–$0.00001400 zone.
- A 5-wave Elliott structure is completing, with a potential short-term target at $0.00001428 and a further target at $0.00001550.
- If PEPE price reaches $0.00001550, traders could see an 18% gain from current levels.
- On the daily chart, PEPE bounced from the 50-day SMA, indicating bullish pressure.
- A golden cross from May and price recovery above the 38.2% Fibonacci level suggest targets near $0.00001600.
- A break above $0.00001317 could lead to a 20% rally.
- Technical indicators point to a potential rally to $0.00001600, supported by increasing volume and favorable risk-reward ratio.
- If momentum continues and Bitcoin remains stable, PEPE could reach $0.00001600 within the next 7–10 days, marking a 22% increase.
- Watch for a daily close above $0.00001320 as a signal of a new bullish wave for PEPE.
- PEPE seems poised for a significant breakout with potential gains ahead.
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