Is PEPE about to explode? Critical breakout level approaching!
PEPE
0.00000779
+3.17%
Hello, Paradisers! Are you ready for what could be the #PEPE breakout that bulls have been waiting for since February?
💎After a long and painful descent, PEPE is finally getting ready for a potential bullish reversal. The price action has entered an ascending triangle, often a reliable pattern indicating an imminent breakout. This setup is now sending signals that momentum is changing, but it all depends on a critical zone.
💎#PEPEUSDT is currently targeting the region of $0.0000088 – $0.0000090, a strong resistance that has proven itself multiple times since February 24. Bulls have failed to conquer this level several times, and now, the 200 EMA on the 12-hour chart is also situated in this zone, a dynamic resistance reinforcing this crucial inflection point.
💎If bulls can finally break through $0.0000090 with clear volume confirmation, PEPE could open up potential upward towards $0.00001135. This level is likely to attract short-term profit-taking, but if momentum holds, we could see a push towards the much stronger zone of $0.00001400 – $0.00001490. This region aligns with a multi-point confluence, including significant horizontal resistance and the 38.20% Fibonacci retracement level — two strong technical barriers that could define the next major move.
💎Support is also well defined for now. The 50 EMA on the 12-hour chart acts as dynamic support and is currently around the level of $0.00000720. PEPE has respected this level well, and any temporary correction could bounce from here. Below, the range of $0.00000650 – $0.00000570 remains the key support zone. This area has held strong during the recent lows and is likely to absorb any upcoming selling pressure if the