PEPE coin is about to take off! June may set a new high
Recently, the PEPE coin has shown a strong upward trend, and technical analysis indicates that this wave of increase may just be starting. The current price has already broken through a key resistance level and is making a push towards $0.00002. Many analysts are optimistic about the subsequent trend and believe that June is likely to set a historical new high.
Technical indicators are fully bullish
Analysts have identified that PEPE has formed several typical bullish patterns:
Daily level breakthrough of the consolidation range
4-hour chart shows a 'bullish flag', which could skyrocket 50%-100% once broken
A 'rounded bottom' pattern has also appeared, which is a typical reversal signal
Currently, the price has stabilized above $0.000016, with the next target being $0.000018, and it may eventually surge to $0.00002378.
Large funds are accumulating
On-chain data is even more interesting:
75% of PEPE is held by large holders
94% of holders have held for more than 1 month
The trading volume in the last 24 hours has reached $2.42 billion
Indicators such as RSI show sufficient upward momentum
This indicates that large funds are continuously buying, and retail selling pressure is very low, which is very favorable for price increases.
Expectations for June
Overall, the recent rise of PEPE is supported by both technical and capital factors. If the current support level can hold, setting a new high in June should not be an issue. Those looking to enter can pay attention to buying opportunities around $0.000016.
As the market continues to change, we need to closely monitor market signals to seize new entry opportunities. Like + comment + follow, and let’s ride through the bull market together, grasping this major opportunity!
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