Pepe (PEPE), which has been pricing in the decreasing trend for six days, broke the trend and made a jump, can the rises in PEPE continue?
PEPE, which has created a falling trend structure since May 14, finally managed to break this structure. Breaking the falling trend, PEPE showed an increase of 7.72 percent for now. But the continuation of the memecoin frenzy somewhat strengthens PEPE from time to time. Finally, the trend of PEPE NFTs brought PEPE to the fore. Now, PEPE’s increase in volume by breaking the downtrend has brought PEPE to the top of the market.
Post Breakdown Expectations in Pepe (PEPE)
PEPE, which took off after the break of 0.00000151, showed an increase of close to 8 percent. The falling trend structure, which started on May 14, lost its activity with the volume increase of PEPE. Despite the stability of altcoins, PEPE, which gained value, can rise to $ 00000175 – 00000182 and 00000195, respectively, if the interest on it can continue.
For PEPE, it is important to follow the fundamental analysis as well as the technical analysis. In PEPE, which has been moving a bit with Elon Musk’s social media sharing in the past days, sales-oriented transactions are predominant. Although technical analysis gives positive signals for PEPE, it is of great importance in fundamental analysis.
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