Breaking out of a key resistance level yesterday, Pepe’s price exploded massively and reached a new major milestone after rising straight for two weeks. It looks highly bullish with no sign of slowing down the rally.
Looking at the market structure, Pepe has seen a stellar performance since the price climbed back from the $0.0000077 level two weeks ago.
The $0.000013 resistance level posed a little threat to the bulls earlier this week, but the volatility enhanced and the price exploded massively to a new high following a major break out of a key resistance level.
That gave the bulls more control daily and they are now looking very charged to claim more highs. A further surge in volatility could bring the price into the $0.00003 range or even above it before making a pullback.
However, it has seen a slight rejection today. If this leads to a sell, the price may pull back to retest the previously broken resistance as support before resuming bullish. It may even pull lower if the market provides a big discount.
So far, Pepe’s returns on investment have been mind-blowing over the past two weeks. More profits are expected as long as the bulls continue to gain dominance daily.
Pepe’s Key Levels To Watch
Now that Pepe has no major resistance to watch, it is currently targeting the $0.00003 level. Should the price continue to surge, the $0.00004 and $0.00005 levels would be the next resistance area to consider for a test.
And if a correction occurs, it may drawback to $0.0000173 for support. The level under this support is $0.0000131, and if the price corrects broader, $0.0000101 is the next support to keep in mind.
Key Resistance Levels: $0.00003, $0.00004, $0.00005
Key Support Levels: $0.0000173, $0.0000131, $0.0000101
- Spot Price: $0.0000245
- Trend: Bullish
- Volatility: High
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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