WILL PEPE COIN PRICE BREAKOUT TO $0.0003 AMID VOLATILE ACTIVITIES?
PEPE coin's potential breakout to $0.0003 is looking promising, considering its recent market activity. Here are some key points to watch :
-Current Price: PEPE coin is trading around $0.00001223, with some sources indicating a slightly different price of $0.0000111.
-Support and Resistance Levels: The short-term support is at $0.00001200, and the resistance is at $0.00001226. A breakout above this resistance could lead to a surge towards $0.0003.
-Whale Accumulation: There's been a significant surge in whale accumulation, with a 1,645% increase in whale net flows over the past 7 days. This suggests strong accumulation and potential for future price movements.
Derivatives Market: The derivatives market shows strong activity, with $1.97 million in long liquidations. Despite this, the long/short ratios among top traders indicate optimism for PEPE's price, keeping the door open for a potential breakout.
Technical Indicators: The RSI is neutral at 47.81, showing no intense buying or selling pressure. PEPE's bullish funding rate remains positive at 0.0091%, suggesting continued trader optimism.
Given these factors, a breakout to $0.0003 is possible if :
- PEPE holds above key support levels, including the 50% Fibonacci level at $0.0000122.
- The resistance level of $0.00001226 is breached, potentially leading to a rise to higher levels.
- Whale accumulation continues, driving upward momentum and increased market activity.#IsraelIranConflict #SaylorBTCPurchase #TrumpBTCTreasury #PEPE $PEPE $BTC
