A Confluence of Bullish Indicators Suggests PEPE Is About to Spike: Here Are the Targets

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.

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.

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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.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.