SasanSeifi|Is PEPE Poised for Another ATH After Corrections?

23 de nov.

Hey there, In this analysis, we examine the price movement of PEPEUSDT cryptocurrency in the daily timeframe. As shown on the chart, the price started its bullish phase from the $0.000010 range and, after breaking the structural level (BMS) at $0.000012, attracted additional demand. This upward momentum pushed the price beyond its previous all-time high (ATH) of $0.000017, leading to the formation of a new ATH at $0.000025.

Currently, after a significant rally, PEPE has undergone minor corrections. These corrections appeared as a pullback to the previously broken resistance level, with the price showing a positive reaction at $0.000018. Given the current price behavior, it is anticipated that in the medium to long term, PEPE could reach new price targets at $0.000027, $0.000029, and $0.000030.

If the price can maintain the support levels between $0.000018 and $0.000017, the bullish trend is likely to continue, potentially reaching new ATHs.

❌However, given the highly volatile nature of this cryptocurrency and its characteristics as a meme coin, it is advisable to allocate only 1% of your portfolio to this asset.

💡 Keep in mind, this is just my personal perspective and shouldn't be considered as financial advice. I’d love to hear your thoughts and engage in a discussion!

Happy trading!✌😎
Feel free to reach out if you have any questions or need more clarification. I'm always here to assist!✌
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