PEPE price action has seen interest again as analysts weigh in on its potential next rally. Despite recent price setbacks, some chart signals suggest that PEPE might be gearing up for a major move.
Analysts have pointed to key resistance and support levels that could determine the token’s trajectory. The memecoin has displayed high volatility in the past, sparking speculation among traders about its future performance.
What you'll learn 👉
PEPE’s Critical Price Levels and Fibonacci Insights
According to an analysis by InvestingHaven, PEPE’s price is hovering near $0.00001744, slightly below former ATH at $0.0000177. This level has now turned into a critical resistance point.
Fibonacci retracement levels highlight $0.00008941 and $0.00006328 as key zones to watch. Analysts emphasize that maintaining support at $0.00008941 is essential for PEPE to sustain a bullish momentum toward the long-term target of $0.0000666.
InvestingHaven’s chart highlights explosive past rallies, including a “12x in 10 days” surge, which highlight the token’s volatility. The analysis also suggests that breaking out of consolidation could lead to new highs if key levels hold firm.
The chart also includes a “Bullish Target Area 2025,” hinting at potential price milestones if consolidation resolves upward. Analysts believe that micro-patterns within PEPE’s chart may offer early breakout signals.
Bullish Signals and Accumulation Opportunities
Ali, a top crypto analyst, noted that the TD Sequential indicator recently flashed a buy signal on PEPE’s 12-hour chart. This indicator had previously forecasted a 20% correction, lending credibility to its current bullish outlook.
Furthermore, a “Buy the Dip” zone identified by InvestingHaven aligns with Fibonacci levels, offering accumulation opportunities for long-term investors.
Read also: YouTube Analyst Shares ‘Realistic’ Cardano Price Prediction
Key Risks and Resistance
Reaching the projected $0.0000666 target will require PEPE to overcome resistance levels, including its current ATH of $0.00002825. Failing to maintain support at $0.000008941 could lead to prolonged consolidation or further decline.
PEPE memecoin remains in the spotlight as traders assess its potential for another major rally. While bullish signals are emerging, key resistance levels and market conditions will determine its trajectory. For now, the token’s future hinges on overcoming critical hurdles and maintaining bullish momentum.
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