$PEPE technical analysis
Hello everyone,
In this post I will be giving you my analysis on $PEPE
First, let's talk about $PEPE chart -
1. PEPE touched 0.00001500 and was rejected from the area twice. This area is a key resistance zone for PEPE beyond which we can expect pump upto 0.00002100.
2. Pepe has support at the range 0.00001000 to 0.00001100. If this support breaks we can expect PEPE to touch 0.00000800 area which is next support.
Currently PEPE has minor support at the area 0.00001230 - 0.00001200, if Pepe stays above the zone we can expect PEPE to retest 0.00001500 area. If Pepe break the zone then Pepe will be at 0.00001100 area.
Overall, PEPE is going a healthy correction, we can expect PEPE to retest 0.00001500 are if market remains bullish.
Key levels to watch are
a). 0.00001200 zone - if Pepe stays above the zone then it will retest 0.00001500. If it fall below we will see 0.00001000 area.
b). 0.00001000 zone - if PEPE breaks this area we can expect PEPE to reach more lower levels like 0.00000700.
c). 0.00001600 zone - if PEPE crosses 0.00001600 we can expect PEPE to reach 0.00001800 area followed by retest to 0.00002100 area.
Note - Pepe will be bullish only if BTC remains bullish and btc dominance drops. Both criteria needs to be fulfilled for PEPE to pump with target of 0.00002100.
I will personally accumulate PEPE while it's still low.
Also, do not forget to add stoploss on your trades.
Hope this helps.
If you want analysis on some other coins please write them in comments.
