#USTariffs #MarketRebound #MGXBinanceInvestment #USTariffs #MGXBinanceInvestment PEPE Breakout Rally: Is $0.000010 the Next Stop?
PEPE, the leading frog-themed meme coin, is gaining momentum, up 2.83% in the last 24 hours as meme coins show signs of recovery. Currently trading at $0.000006943 with a market cap of $2.9 billion, PEPE is flashing bullish signals that could fuel a breakout.
Breakout Imminent?
PEPE’s 4-hour chart reveals a falling channel pattern, keeping bullish momentum in check. However, a rebound from the $0.0000050 psychological level has triggered a bullish cycle. The coin recently tested key resistance at the 100 EMA and the upper trendline, hinting at a breakout attempt.
A potential inverted head and shoulders pattern is forming, with a neckline at $0.000007313. If confirmed, PEPE could first target $0.0000090 before making a push toward the $0.000010 psychological barrier.
Key Levels to Watch
Support: A retest of the 50 EMA at $0.000006729 could strengthen the bullish case. However, failure to hold could lead to a drop toward $0.000005681 or even retest $0.0000050.
Resistance: A breakout above $0.000007313 could trigger a surge toward $0.0000090, with the ultimate target at $0.000010.
With the stochastic RSI in the oversold zone, a short-term correction may occur before the next leg up. Will PEPE break out and hit $0.000010? Stay tuned!
