PEPE Price Analysis: Key Resistance to Watch for Imminent Breakout

PEPE Price Analysis: Key Resistance to Watch for Imminent Breakout


PEPE cryptocurrency is consolidating before a major move, with sellers exhausted and bulls potentially taking over the price action, and key support levels at $0.0000015 and $0.0000011 and key resistance at $0.0000020.

PEPE appears to be consolidating before a major move.

Key Support levels: $0.0000015, $0.0000011 

Key Resistance levels: $0.0000020

Sellers are exhausted, and bulls could take the chance and push the price action at any minute. The resistance is at $0.0000020, and if the momentum indicators turn  positive  tendency, then a retest of this key level appears imminent. The present support is at $0.0000015.

Trading Volume: The volume remains flat and shows a lack of interest, but this could change soon.

RSI: The 12h RSI appears ready to curve up and move higher. If so, it  can potentially break over 50 points to set a higher high.

MACD: The 12h MACD is bearish, but the histogram is making higher bottom Line. Another push from bulls could turn  it positive  tendency, and then a rally could follow.

PEPEWETH_A43FE1_ETHUSDT_2023-05-23_18-40-15
Chart by TradingView

Bias

The bias for PEPE is neutral, but bulls could soon take over the price action.

Short-Term Prediction for PEPE Price

This consolidation under the main resistance is  positive  tendency. Sellers had numerous opportunities to take PEPE lower but failed. As a result, a test of the main resistance at $0.0000020 seems more likely now.

Source

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