Analyst Says PEPE Price Must Break This Resistance Level For 150% Surge Toward ATHs
Pepe prices are currently falling into wedge pattern, a historically bullish indicator that is about to break through. Crypto Analyst predict Decisive movement above the critical resistance level may trigger 150% of the gathering Pepe’s new historical climax.
Ignite the key resistance of Pepe Price Rally
The frog-themed meme coin Pepe has been Going into a trendalways reject the lower resistance trend line. Meme coins initially experienced huge gains earlier this year. However, with the recent fluctuations and A broad market declinePepe and many other cryptocurrencies have recorded serious losses.
Related Readings
Despite Bearish performancea pseudonym trading viewer named “Mycryptoparadise” has shared Forecast of bullish PEPE price. Analysts predict it could experience a 150% price increase, pushing it to $0.0003 and marking a new all-time high.
In order for this prediction to be true, Pepe must confirm Price reversal As shown, by exceeding the downward resistance and requiring new support. TradingView analysts asserted that Pepe must exceed 0.000015 resistance, claiming that this is new support and is a potential launch pad for the bullish $0.00003 target.
although Beyond the key resistance It seems like a simple feat, and in the past few weeks, the price of Pepe has failed to do. Meme coins rejected multiple Breakthrough attempt;However, technical indicators show that Pepe’s current price fundamentals are still optimistic.
It is worth noting that Pepe is trapped in a Dropped wedge On its price chart, once resistance breaks, this pattern precedes the obvious upward momentum. If buyers’ demand successfully pushes PEPE higher than its $0.000015 resistance level, analysts believe the meme coins may have parabolic rally.
Pepe also forms a bullish difference on the histogram in its chart, which suggests that it is possible Momentum shifts to upward space. The analyst said that for Pepe to reach its expected ATH target, the Bulls will have to control, helping to push the meme coins onto the drop-off wedge pattern.
Currently, the asset is priced at $0.00006 and $0.000012, where buyers have traditionally stepped in to defend the price and avoid further segmentation. The current price is $0.00000945 to $0.00003, which will increase by more than 150%.
The bearish scenario is revealed
When he shares his bullish projection Pepe price, TradingView analysts also propose alternatives The prospect of bearish meme coins. Analysts urge traders to remain cautious, as failing to hold $0.00006 and $0.000012 may invalidate the previous bullish setting.
Related Readings
Analysts predict that if the meme coin fails to break the area, it could trigger increased downward pressure, exposing the meme coin to more risks and could trigger a deeper sell-off that gives the bear full control.
Featured images from LinkedIn, charts from TradingView.com
