PEPE is attracting special attention from cryptocurrency investors as it has the potential to increase strongly in price in the near future. With a 17% increase in just one week, PEPE - the third largest memecoin on the market - has broken out of a long-term downtrend, paving the way for the next wave of price increases. However, the price fluctuations are still quite clear, making many investors wonder whether this positive trend will last long. The article will provide detailed technical analysis and comments from reputable experts, while assessing important factors such as cash flow in and out of the exchange. From there, readers will have a clear, deep and reliable view of PEPE's development potential in the near future.
PEPE Price Analysis and Important Technical Levels
Technical analysis shows that PEPE has made a breakthrough by breaking out of a long-term descending triangle pattern on the daily chart. The daily candlestick closing above this resistance zone is a positive signal, confirming the possibility of a reversal of the memecoin.
At the moment, PEPE is testing local support around $0.0000099. If this level is maintained, the coin could continue to grow strongly, aiming for a target of $0.0000154, which would represent a gain of over 50% from the current level.
Conversely, if the price fails to hold this support level, the uptrend could be broken and PEPE is at risk of falling again in the short term.
The RSI is currently at 45, indicating balanced buying and selling pressure, neither overbought nor oversold, facilitating the possibility of a positive change in market dynamics.
Expert sentiment on PEPE's bullish trend
Many cryptocurrency experts have expressed optimism about PEPE’s price increase. Some analysts expect that this Token will soon have impressive growth, spreading confidence to the investor community.
An expert on social network X predicted the possibility of PEPE increasing up to 13,000% in the coming days, attracting strong attention from the trading community.
These positive comments are not only based on price movements but also tied to technical signals and actual money flows in the market, helping to strengthen the confidence of long-term investors.
Money Flows Out of Exchanges and Impact on PEPE
According to data from Coinglass, PEPE withdrawals from exchanges have reached $5.6 million recently. This proves that more investors and holders are storing assets in private wallets, minimizing the risk of sudden sell-offs.
This inflow is also seen as a positive signal, as it shows confidence in PEPE's long-term upside potential and is likely to spark further buying pressure.
Storing tokens off the exchange also helps increase liquidity and reduce selling pressure, contributing to supporting prices to maintain a strong recovery trend.
Source: https://tintucbitcoin.com/pepe-tang-50-can-dieu-kien-gi/
Thank you for reading this article!
Please Like, Comment and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
