#Pepe coin price has surged by over 50% in the last 24 hours, reclaiming crucial levels observed in its early days.
The token has demonstrated four consecutive days of jumps, indicating consistent strength in its market performance.
By surpassing the significant resistance point at $0.000002150, #Pepe has reached its highest level since May, thereby invalidating a double-top pattern.
Analysis of the monthly chart reveals Pepe's breakout from an inverse head and shoulder pattern, signaling a bullish trend.
The current trading position of Pepe above the neckline of the bullish pattern suggests the potential for a substantial bull run.
Currently trading above the key resistance level of $0.0000021, $PEPE could see further upward movement towards the $0.0000030 resistance zone if this level is sustained.
According to Coingabbar Price prediction, Conversely, failure to sustain the current level could lead to support being sought around the $0.0000012 area.
KEY LEVELS :
RESISTANCE LEVEL : $0.000002800-$0.000004500
SUPPORT LEVEL : $0.000001500-$0.000000800
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Also read: Ethereum Price Prediction: Ethereum's Make or Break Moment
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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