- PEPE is overcoming one resistance after another. How far will it go?
- Levels of critical support: 0.00000136
- 0.00000149 as a key resistance level
1. Another resistance is broken
On Monday, PEPE’s recovery resumed, and in the process, the price turned the previously-seen barrier at $0.00000136 into crucial support. This puts this memecoin on a potentially upward trajectory and is bullish.
2. Absence of Sellers
PEPE‘s pricing didn’t think twice to indicate that this is a buyers’ market. As the volume profile closed in the green for six straight days last week and is about to do the same today, sellers were unavailable.
3. RSI breakout
The daily RSI has reached a new high. This is excellent news for PEPE holders because it shows that the price wants to increase significantly. It’s critical to pay great attention to how today’s candle ends and whether the RSI will continue to display a higher high.
Also Read: How A Pepe 2.0 Trader Made $1 Million From $12,000 In Just 10 Days
Bias
The bias for PEPE is bullish.
Short-Term Price Forecast for PEPE
The direction for this cryptocurrency is still strongly up, and buyers don’t seem satisfied. Consequently, it is conceivable that the price will initiate a test of $0.00000149 in the near future if this momentum persists.
