In Pepe (PEPE), which has been moving up for a while, a risky price structure has occurred.
Pepe (PEPE), which has been on its way by gaining value for four days, has also created a dangerous technical structure. PEPE, which has made a name for itself with its instant rises from time to time, although there is no trace of its old self, this time created a question mark in the minds. It has created an “ascending channel structure” by currently coming from $0.00000131 to $0.00000150. In case of a downward break in this structure, deep decreases or long-term depreciation may occur. So, what kind of changes can be seen in PEPE in this case?
Pepe (PEPE) Graphic Analysis
PEPE, which formed an ascending channel starting from $0.00000131, still maintains this channel. Currently protecting the $0.00000150 level as support, the popular coin may want to test the 0.00000164 – 0.00000175 – 0.00000182 and 0.00000195 resistances respectively as long as it continues its upward course.
Situations such as losing the momentum in the price or breaking the ascending channel to the downside can bring the price down sharply. In this scenario, the $0.00000131 support could be observed for a reaction buy.
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