Analysis of pepe$PEPE

There is a small Symmetrical Triangle forming in the recent range, which is usually a signal of a strong impending breakout either upwards or downwards.

Moving Averages:

The yellow average (short-term) is attempting to cross above the blue (larger average), which is a positive signal.

The red average (long-term) is still above the price and acts as resistance around approximately 0.00001137.

📈 Projection until July 15:

If the price breaks above the triangle line and surpasses the resistance at 0.00001100 – 0.00001140, we may see the price rise towards:

0.00001250 (first target).

And if the buying momentum continues, it may reach 0.00001500 (the upper limit of the ascending channel).

On the other hand, if the price breaks below the triangle support line at 0.00000980 – 0.00000950, we may see a drop towards:

0.00000900 as the first support.

And if this support fails, it may reach 0.00000850.