PEPE’s Potential Breakout: Is the Bullish Flag Waving for Traders?"
Analyzing the 15-minute PEPE/USDT chart, we spot a classic Bullish Flag formation—a well-known continuation pattern signaling a potential upward breakout.
Observations-
The pattern begins with a sharp upward move (flagpole), followed by a downward sloping consolidation channel (the flag).
PEPE appears to be breaking out of this flag, with the price nudging above short-term moving averages and gaining volume support.
RSI around 60 suggests moderate momentum—neither overheated nor weak.
A clean break above resistance (near 0.00001410) could confirm this move and signal further bullish action.
What’s Next? Traders often watch for volume-backed breakouts from such formations. A confirmed breakout could set the next target toward 0.00001430–0.00001460.
Disclaimer:
This is not financial advice. Cryptocurrency markets are highly volatile. Always do your own research and consult a financial advisor before making investment decisions.