Can Bulls Smash Through $0.00001313?
Peele The Bulls will make a breakthrough, but the resistance level of $ 0.00001313 is the main obstacle. After hopeful recovery attempts and motivation construction, buyers must prove their strength to increase prices.
This key level has been obstacles, and another refusal may transfer control to the bear, which may cause new downturn. With the construction of upward pressure, decisive moves exceed $ 0.00001313, which will update the position of bullish dominance to further optimistic emotions incomeEssence
However, failure to break through may lead to increased sales pressure and make PEPE face the risk of callback. With the intensification of the battle between the buyers and sellers, the upcoming meeting may be decisive when shaping Pepe’s next big move.
Can the bull overcome $ 0.00001313? Analyze PEPE price action
After rebounding at the support level of $ 0.00001152, Pepe showed positive actions, rising sharply towards the key 0.00001313 resistance. The recent price action reflects stable recovery. Although earlier challenges, buyers still have to be responsible for and promote price increases.
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It is important to promote the promotion of $ 0.00001313 because it marks the main Resist Bulls need to formulate strength to maintain this motivation. It is worth noting that this shows that PEPE tries to restore its bullish trend, but it is crucial to break the resistance of $ 0.00001313.
In addition, the relative intensity index (RSI) enhances the concept of coin being obtained. Recently, RSI moved out of the super zone, indicating that huge sales pressure has begun to subscribe. As it moves towards a 50 % threshold, it indicates that the change to a more balanced market The place where the buyer started to control.
50 % of the level is usually regarded as the key point of technical analysis, marking the boundaries between neutral trends and bullish trends. PEPE (PEPE) to this level means that it may be at the edge of the bullish stage, and in this stage, it may extend to the upward power.
If RSI breaks through more than 50 %, it will further verify the intensity of recovery, so that the bull will restore confidence. However, if the RSI booth may fall to less than 50 %, it may mean that the momentum is not strong enough to maintain breakthroughEssence
Positive vs. Negative pressure
Pepe (Pepe Degradation pressure. The price of the Bulls has increased, but it turns out that this key resistance is difficult to overcome.
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If the Bulls breakthrough, it may marked the beginning of the new rally, which leads to asset challenges of $ 0.00001731. Nevertheless, if the pressure is overwhelming, PEPE may face a callback under the previous 0.00001152 support. The result of this battle will decide whether Same angle Can continue to recover, or whether the bear will restore control.
Special images from shutterstock, charts of tradingView.com
