PEPE Imminent Breakout? Here’s the Key Resistance to Watch (PEPE Price Analysis)

Read full article at CryptoPotato.

PEPE seems 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 opportunity and push the price action at any minute. The resistance is at $0.0000020, and if the momentum indicators flip bullish, then a retest of this key level appears imminent. The current support is at $0.0000015.

Chart by TradingView

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 could break above 50 points to set a higher high.

MACD: The 12h MACD is bearish, but the histogram is making higher lows. Another push from bulls could flip it bullish, and then a rally could follow.

PEPEWETH A43FE1 ETHUSDT 2023 05 23 18 40 15
Chart by TradingView


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 key resistance is bullish. Sellers had multiple opportunities to take PEPE lower but failed. As such, a test of the key resistance at $0.0000020 seems more likely now.

The post PEPE Imminent Breakout? Here’s the Key Resistance to Watch (PEPE Price Analysis) appeared first on CryptoPotato.

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