Pepe (PEPE), which has been pricing in a decreasing trend since May 28, broke this structure and rose by 36 percent. What could be the next targets of PEPE?
Pepe (PEPE), which has been exhibiting a descending price structure for a while, has clearly surpassed this structure with the increase in Bitcoin (BTC), showing a rise of 36 percent. It was a matter of curiosity how far this rise, which pleased Memecoin investors, could go. At the same time, PEPE, the 5th most increasing coin of the day, became the agenda again in social media.
Pepe (PEPE) Technical Analysis
PEPE, which started to rise after touching $ 0.00000082, retreated from the resistance of $ 0.00000105. However, memecoin, which caught a rising trend again with the sharp increase in BTC, broke this resistance by increasing 21.66 percent. The sales regions that can be tracked for PEPE are 0.00000119 – 0.00000133 0.00000149 and 0.00000164 respectively.
In the scenario where interest in Memecoins decreases or BTC starts to lose value, 0.00000105 and 0.00000082 dollars can be seen to work as support on behalf of PEPE. Failure to hold these values may increase the probability of trough in PEPE.
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