IS PEPE (PEPE) GEARING UP FOR A BULLISH REVERSAL!
Pepe (PEPE) is showing signs of a potential bullish reversal. The token has completed a complex W-X-Y-X-Z correction and is currently testing a significant support zone around $0.00000659. A breakout above the $0.00000780 resistance level could trigger a significant price uptrend, with potential targets at $0.00001025 and $0.00001584.
Key Indicators:
-Bullish Pennant Formation: PEPE has formed a bullish pennant pattern on the 4-hour chart, indicating a potential continuation of the uptrend.
ncreased Trading Volume: Trading volume has surged, signaling growing interest and potential for a breakout.
Whale Accumulation: Large holders have been accumulating PEPE, which could contribute to upward momentum.
Relative Strength Index (RSI): The RSI is neutral, allowing room for further upside before hitting oversold territory .
Resistance Levels:
- mmediate Resistance: $0.00000780
-Next Resistance: $0.0000102-$0.0000106
-Major Resistance: $0.0000137 (sell wall)
Potential Targets:
- Short-term Target: $0.00000850-$0.000010
- Mid-term Target: $0.000016-$0.000019
-Long-term Target: $0.000025 (potential 80% rally from current levels).#NODEBinanceTGE #BTC110KToday? #PEPE $PEPE #Write2Earn