**$PEPE /USDT: BULLISH BREAKOUT IN PROGRESS – TARGETING $0.00001080**
📈 Market Outlook:
$PEPE is exhibiting a bullish trend, trading above key moving averages (MA7: 0.00001031, MA25: 0.00001026) and showing a 4.15% gain in the last 24 hours. The price is consolidating near the upper resistance zone of 0.00001043, indicating potential for a breakout. A sustained move above this level could lead to a target of $0.00001080. However, failure to break this resistance may result in a pullback towards the support at 0.00001010.
🔧 Trade Setup:
Entry: 0.00001035
Target (TP): 0.00001080
Stop Loss (SL): 0.00001010
📊 Technical Indicators:
The 15-minute chart shows a bullish crossover with the 20-period moving average, suggesting upward momentum. The Relative Strength Index (RSI) is approaching overbought territory, indicating potential for a short-term pullback before further gains.
📌 Market Sentiment:
With increased trading volume and positive price action, the market sentiment for $PEPE is bullish. Traders should monitor the 0.00001043 resistance level closely; a breakout could signal the next leg up.
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