![Confluence of Bullish Indicators Suggests PEPE Is About to Spike: Here Are the Targets](https://captainaltcoin.com/wp-content/uploads/2024/02/image-370.png)
According to analyst Ali, the PEPE token appears poised for a bullish breakout. He highlights a developing head-and-shoulders bottoming pattern on the 3-day chart, with the left shoulder and head fully formed. Now the right shoulder is taking shape, suggesting the downtrend since December may soon reverse.
With PEPE priced around $0.0000000103 presently, Ali sees two key upside targets if the pattern triggers a spike. First, a move towards $0.0000017, and then a break of the resistance, which could spark a rapid surge to $0.0000027 based on the height of the pattern.
![](https://captainaltcoin.com/wp-content/uploads/2024/02/image-369-1024x666.png)
Buy Signal Also Flashing for PEPE
Bolstering the case for an imminent PEPE uptrend, Ali notes the TD Sequential indicator recently flashed a buy signal on the 3-day timeframe. This technical tool often spotlights when assets are overextended to the downside before shifting direction.
Doge2014 raises 300K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +Confluence of Bullish Factors Emerging
The developing head-and-shoulders pattern and buy signal combine to present a high-probability setup for PEPE according to Ali. With the token appearing extremely oversold, the table seems set for a rebound. PEPE will be an interesting token to monitor for signs of the right shoulder forming and a breakout taking shape. If Ali’s analysis proves correct, PEPE could double in value quickly with technicals this aligned. Crypto investors may want to position ahead of the anticipated $0.0000017 and $0.0000027 upside targets being hit.
You may also be interested in:
- Bullish Pennant Pattern Suggests Injective Protocol Is Ready to Surge 40% from This Price: INJ Price Outlook
- Conflicting Cardano (ADA) Metrics Could Stop Bulls’ Efforts To Break This Critical Resistance Level
- Social Network Launches Bitcoin L2 Featuring Staking; Emerging AI Coin Gains Investor Curiosity
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.