Popular crypto analyst Ali (@ali_charts) has revealed key price levels to watch for PEPE, as bulls target over a 100% price spike from current levels.
Technical Analysis Supports Upside for PEPE
According to Ali, PEPE is showing signs of forming the right shoulder of a head-and-shoulders bottoming pattern on its 3-day chart. He also notes that the TD Sequential indicator has flashed a buy signal on this timeframe, suggesting anticipated bullish momentum ahead for the altcoin.
With PEPE currently trading around $0.00000119, Ali sees two key upside price targets in focus. First, he is watching the neckline around $0.00000166, which would represent a 39% price increase from current levels.
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Show more +Breakout Could Lead to 100%+ Surge for PEPE
If PEPE can break out above the $0.00000166 neckline on increasing volume, Ali believes this could trigger a further rally up to $0.00000274. From the current price, that target would represent a massive 130% price spike to the upside.
In summary, Ali is monitoring PEPE for a potential breakout setup that could fuel over a 100% surge if key resistance levels are broken with conviction. Crypto traders may want to watch for a clearance of $0.00000166 as the first sign that significantly more upside could be in store.
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