A naukri.com initiative
TronWeekly
3w
83
Image Credit: TronWeekly
PEPE Shows Potential: Bullish Momentum Builds Toward $0.000016 Area
- PEPE is displaying a bullish flag pattern on the 8-hour chart, hinting at a possible trend reversal amidst recent market fluctuations.
- The coin is maintaining above a crucial support level, indicating the potential for buyers to drive an upward movement.
- Analysts are eyeing resistance levels between $0.00001050 and $0.00001600 based on historical reaction zones and Fibonacci extensions.
- PEPE is gaining momentum and rising against the broader market due to geopolitical tensions between Iran and Israel.
- Traders and investors are closely monitoring PEPE for a bullish reversal from recent market volatility.
- PEPE is trading at $0.000009673 with a 24-hour trading volume of $671.6M and a market cap of $4.06B.
- The price of PEPE has experienced fluctuations over the past 24 hours and week, setting up a potential trend reversal.
- An important technical pattern on PEPE's 8-hour chart suggests a continuation pattern, indicating a potential upward movement after consolidation.
- The support area on the chart is crucial, with a rebound from this level possibly signaling a resumption of the previous trend.
- Potential upside targets for PEPE include resistance levels at various price points along with Fibonacci extension levels and prior reaction zones.
- These targets provide guidance for the next potential rally phase based on technical analysis principles.
- PEPE is showing promise for reaching $0.000016 after setting up a bullish flag pattern.
Read Full Article
5 Likes
For uninterrupted reading, download the app