PEPE's Rising Trendline Remains Stable
Multiple clean touches along the trendline demonstrate that buyers are in control, defending support levels at key occasions. Repeated validation is a strong technical indication associated with long-term uptrends.
Bulls continue strength during slight pullbacks, indicating market optimism. PEPE could increase more if it maintains current increasing support. This sturdy base often launches the next significant upswing.
PEPE's price rebounded strongly from its rising trendline, reaffirming it as a key support level. This bounce happened right above a strong horizontal support zone, confirming that buyers are vigorously defending the upswing.
UniChartz noticed that the MACD indicator is turning positive, indicating bullish momentum. The strengthening MACD crossing usually precedes larger positive rises, suggesting PEPE may be ready for another boost.
PEPE is approaching a key 100 EMA resistance test. A clear break above the 100 EMA could trigger the following overhead resistance region. PEPE may climb higher if momentum persists.
Where PEPE May Rally Next
PEPE's price action is setting up a rally as it respects important support levels, particularly its rising trendline. The immediate goal is to overcome the 100 EMA, a key obstacle in prior attempts. A breakout over this level might take PEPE toward the $0.00001152 zone, a key price barrier that has historically been difficult to overcome.
If bulls overcome this initial barrier, $0.00001313 and $0.00001731 are next targets. PEPE has major challenges in these price action and Fibonacci retracement zones.
PEPE is ready for a breakout due to rising positive signs including the MACD and trendline support. Surpassing these resistance levels would signal a turn towards additional gains and the continuation of the bullish trend.
