PEPE Potential Breakout Within Ascending Channel
hello guys!
Ascending Channel: PEPE has been trading within an ascending channel, indicating a steady upward trend over the past several months.
Breakout and Retest: The price recently broke above a mid-channel resistance level and is currently retesting, signaling potential support at this level.
Bullish Scenario: If the support holds and PEPE maintains momentum, it could move toward the upper boundary of the channel, with targets around 0.00003200.
Pullback Possibility: A failure to hold above the retest level might lead to a pullback, but the overall channel structure would still remain intact, potentially offering new entry points at lower levels.
Next Steps: Monitor for sustained support at the current level or wait for a clearer breakout above the upper midline resistance for confirmation of further upside potential.
Ascending Channel: PEPE has been trading within an ascending channel, indicating a steady upward trend over the past several months.
Breakout and Retest: The price recently broke above a mid-channel resistance level and is currently retesting, signaling potential support at this level.
Bullish Scenario: If the support holds and PEPE maintains momentum, it could move toward the upper boundary of the channel, with targets around 0.00003200.
Pullback Possibility: A failure to hold above the retest level might lead to a pullback, but the overall channel structure would still remain intact, potentially offering new entry points at lower levels.
Next Steps: Monitor for sustained support at the current level or wait for a clearer breakout above the upper midline resistance for confirmation of further upside potential.
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