PEPE Explodes but How High it Can Go? 3 Critical Things to Watch Today (PEPE Price Analysis)

CryptoPotato

2023-08-09 10:54:41

PEPE has turned bullish these past two days and may signal the start of a significant rally.

Key Support levels: $0.00000105

Key Resistance levels: $0.00000123

1. Breakout from the Wedge

PEPE managed to end its correction and broke above the falling wedge. This is a bullish signal. If the resistance at $0.0000012 turns into support, then this rally will likely become significant.

Chart by TradingView## 2. Buyers Return

With the breakout confirmed, the volume has been in green these past two days as buyers rushed to get exposure. With each subsequent resistance that is broken, the buying pressure could accelerate.

Chart by TradingView## 3. Imminent Bullish Cross on MACD

The daily MACD is also about to give a bullish signal as its moving averages are about to cross to the positive side if bulls maintain the pressure. If that happens, then PEPE could enter a sustained rally.

Chart by TradingView## Bias

The bias for PEPE is bullish.

Short-Term Prediction for PEPE Price

It seems that PEPE is likely to test the key resistance levels and potentially even move higher in the coming days. If buyers don’t lose strength, then this memecoin could easily reach $0.00000136 next.

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