The cryptocurrency PEPE continues to maintain a solid upward trajectory, consistently respecting its rising trendline with impressive accuracy. As recently pointed out by analyst UniChartz on X, PEPE shows strong bullish momentum – with buyers repeatedly stepping in at key support levels to defend against significant pullbacks.
🔹 Repeated bounces off the trendline act as a powerful technical signal often seen in stable, long-term uptrends. Combined with PEPE’s ability to stay above support even during minor dips, it suggests that positive market sentiment remains strong and the bulls are still in control.
UniChartz emphasized that as long as PEPE respects this ascending trendline, the likelihood of further growth continues to increase. Such a solid base often serves as a perfect launching pad for a major rally.
Key Support Plays a Critical Role: Why It Matters
According to UniChartz, PEPE recently recorded another strong bounce off its main trendline, reaffirming its importance. This move happened just above a key horizontal support zone, indicating that buyers are aggressively defending the uptrend at critical levels.
Another positive sign is that the MACD indicator – a popular tool for tracking trend changes – is starting to flash bullish signals. A strengthening MACD crossover often precedes major upward moves, suggesting PEPE could be gearing up for another surge.
At the moment, PEPE faces an important challenge: breaking above the 100-day Exponential Moving Average (100 EMA). Successfully surpassing this resistance could serve as a major catalyst for further gains.
Where Could PEPE Rally Next?
PEPE is currently laying the groundwork for a potential rally by consistently respecting its key support levels. The immediate focus is on breaking through the 100 EMA – a level that previously acted as strong resistance.
🔹 If the bulls manage to break above this barrier, the next target could be around $0.00001152, a historically significant price point.
🔹 If the momentum continues, further targets include $0.00001313 and $0.00001731, derived from previous price action and Fibonacci retracement levels.
With strengthening bullish indicators like the rising MACD and ongoing support along the trendline, PEPE appears well-positioned for a breakout. Clearing these key resistance levels would confirm the continuation of the bullish trend and could lead to notable gains in the near future.
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