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
Source: Tradingview
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.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
