From Meme to Millions: PEPE Journey to the Top of the Crypto Kingdom
Release: 2023/12/05 19:54 Reading: 612
Pepe coin price poised for breakout, signaling extended recovery trend
According to Coingabbar Price Analysis, Following a falling channel breakout, PEPE price shows a higher high streak with constant support at $0.0000010.
A flag pattern formation signals a potential break for buyers to restore bullish momentum for the next leap.
Pepe coin is on the verge of a Golden Crossover, suggesting a possible bull rally.
A 15.5% hike last night led to a bullish breakout of the double-bottom pattern, with a neckline at $0.000001345.
The recovery resulted in a substantial 140% price increase and formed an inverted head and shoulder pattern, a bullish reversal signal. Pepe's price is in the final stages of the pattern’s development, with the right shoulder.
The neckline resistance at $0.00000147, close to the resistance trendline, forms a high supply zone.
An early 20% gain shows an attempt to breach overhead resistance levels.
A successful bullish breakout above $0.00000147, with a daily candle closing, could offer an entry point.
Potential recovery targets are $0.00000190, implying a possible 30% growth.
The uptrend faces resistance from an ascending trendline and the $0.0000015 mark.
Long wick candles today indicate strong overhead supply, teasing a potential reversal shortly.
As long as Pepe Coin stays above the last swing low support of $0.0000010, a bullish outlook remains viable.
KEY LEVELS :
RESISTANCE LEVEL : $0.000001450-$0.000001550
SUPPORT LEVEL : $0.000001350-$0.000001300
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
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