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Analyst Predicts Bullish Move for Pepe Coin – Here's Why
Crypto analyst James Wynn recently shared an update on X, pointing out some key technical signals for Pepe Coin. According to him, the coin is currently hitting short-term resistance around the $0.000010000 mark. This level is not only a technical barrier but also a psychological one for many traders.
If Pepe Coin breaks above this level, the next target is $0.00001050. Wynn says this area could become a spot where short-term traders start taking profits, causing a slight dip in price. This dip could form what's known as a "cup" shape on the chart.
However, Wynn believes that after this minor pullback, the price will bounce back quickly, breaking through the $0.00001050 level. Then, it will likely drop again briefly to retest that level — this time as a new support line. This process helps confirm the breakout.
Once that happens, Wynn expects a wave of investor excitement (FOMO) to drive the price even higher. This pattern is known as the "cup and handle" — a formation that traders usually see as a strong bullish signal.
Thanks to this forecast and Pepe Coin’s strong recent performance, investors are feeling confident. The coin has already jumped 15% today and is up 30% over the past week. It's currently priced around $0.000009086, climbing from a 24-hour low of $0.000007841.
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