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PEPE Eyes Breakout: Can It Conquer Resistance to Reach $0.00001100?


by Maxwell Mutuma
for CoinEdition
PEPE token showing its recent surge and highlighting key support and resistance levels for its prediction.
  • PEPE token surged nearly 9.5% in 24 hours and is now testing a key resistance zone around $0.00001075
  • Technical indicators are mixed, with a rising RSI showing buying interest but a bearish MACD urging caution
  • A sustained breakout above the immediate resistance could pave the way for a test of the $0.00001100 level

The meme-inspired token Pepe (PEPE) is capturing traders’ attention as it tests a critical resistance level following a sharp 9.5% surge in the last 24 hours. Now trading at $0.00001051, the token’s recent price action and a corresponding spike in volume have put a key psychological barrier squarely in its sights.

Market cap growth also tracked the price increase, adding over $4.4 billion, suggesting that investor confidence in PEPE might be gaining strength. The question now facing the market is whether PEPE has the momentum to break through its immediate ceiling and make a run for $0.00001100, or if mixed technical signals will halt the rally in its tracks.

Key Levels Defining PEPE’s Next Move

On-chart analysis shows a clear battleground has formed. Bulls have successfully defended a key support zone in the $0.00000975 to $0.00000980 range.…

The post PEPE Eyes Breakout: Can It Conquer Resistance to Reach $0.00001100? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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PEPE Eyes Breakout: Can It Conquer Resistance to Reach $0.00001100?


by Maxwell Mutuma
for CoinEdition
PEPE token showing its recent surge and highlighting key support and resistance levels for its prediction.
  • PEPE token surged nearly 9.5% in 24 hours and is now testing a key resistance zone around $0.00001075
  • Technical indicators are mixed, with a rising RSI showing buying interest but a bearish MACD urging caution
  • A sustained breakout above the immediate resistance could pave the way for a test of the $0.00001100 level

The meme-inspired token Pepe (PEPE) is capturing traders’ attention as it tests a critical resistance level following a sharp 9.5% surge in the last 24 hours. Now trading at $0.00001051, the token’s recent price action and a corresponding spike in volume have put a key psychological barrier squarely in its sights.

Market cap growth also tracked the price increase, adding over $4.4 billion, suggesting that investor confidence in PEPE might be gaining strength. The question now facing the market is whether PEPE has the momentum to break through its immediate ceiling and make a run for $0.00001100, or if mixed technical signals will halt the rally in its tracks.

Key Levels Defining PEPE’s Next Move

On-chart analysis shows a clear battleground has formed. Bulls have successfully defended a key support zone in the $0.00000975 to $0.00000980 range.…

The post PEPE Eyes Breakout: Can It Conquer Resistance to Reach $0.00001100? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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