PEPE Breaks Out of Consolidation, Eyes $0.00002 Target
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- PEPE approaches breakout as ETH rally fuels high-beta catch-up trade potential
- Cup and Handle breakout boosts PEPE targets up to $0.000025 in short term
- MACD and rising volume confirm momentum despite RSI signaling near-overbought levels
Pepe (PEPE) is once again in the spotlight as it approaches a critical breakout level, riding the coattails of Ethereum’s recent rally. While ETH has surged to new highs, PEPE has lagged, positioning itself as a potential high-beta catch-up play.
Now, multiple technical patterns suggest the asset may be on the edge of a major move. With Pepe currently trading at $0.0000136, analysts are turning increasingly bullish on its short-term and long-term price potential.
PEPE Key Breakout Levels to Watch
PEPE recently closed just above a key resistance zone near $0.00001385, indicating that buyers are regaining control. Lark Davis, a prominent analyst, highlights the significance of this level.
According to his analysis, the orange trendline marks a crucial breakout level, and a sustained move above it could unlock targets at $0.0000165, $0.00002, and even $0.000025.
Supporting this view, the daily chart shows a bullis…
The post PEPE Breaks Out of Consolidation, Eyes $0.00002 Target appeared first on Coin Edition.
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PEPE Breaks Out of Consolidation, Eyes $0.00002 Target
Share:
- PEPE approaches breakout as ETH rally fuels high-beta catch-up trade potential
- Cup and Handle breakout boosts PEPE targets up to $0.000025 in short term
- MACD and rising volume confirm momentum despite RSI signaling near-overbought levels
Pepe (PEPE) is once again in the spotlight as it approaches a critical breakout level, riding the coattails of Ethereum’s recent rally. While ETH has surged to new highs, PEPE has lagged, positioning itself as a potential high-beta catch-up play.
Now, multiple technical patterns suggest the asset may be on the edge of a major move. With Pepe currently trading at $0.0000136, analysts are turning increasingly bullish on its short-term and long-term price potential.
PEPE Key Breakout Levels to Watch
PEPE recently closed just above a key resistance zone near $0.00001385, indicating that buyers are regaining control. Lark Davis, a prominent analyst, highlights the significance of this level.
According to his analysis, the orange trendline marks a crucial breakout level, and a sustained move above it could unlock targets at $0.0000165, $0.00002, and even $0.000025.
Supporting this view, the daily chart shows a bullis…
The post PEPE Breaks Out of Consolidation, Eyes $0.00002 Target appeared first on Coin Edition.
In This News
Coins
Share:
In This News
Coins
Share:
Read More
Stocks Rebound on Renewed Rate Cut Hopes, Will Crypto Market Follow?