- Potential for a decline to this range; confirmation for long positions if support holds.
- Break above $0.001571 with 2-hour candle closes could signal an upward move towards $0.001712.
- Failure to surpass $0.00000172 may result in a downward movement to the significant support at $0.00000134.
PEPE maintains an upward trend, contingent on daily closes above $0.00000172. Downside risk if it fails to surpass $0.00000172, with potential investment opportunities at key support levels ($0.00000134 and $0.00000123).
MEDIUM-TERM PEPE COIN ANALYSIS
Upon reviewing the daily technical chart of PEPE coin, it is evident that it continues its price movements within an ascending trend. For PEPE Coin to sustain this upward momentum, it must achieve daily candle closes above the $0.00000172 level.
Unless PEPE Coin surpasses the $0.00000172 resistance, it may undergo a downward movement towards the significant support level at $0.00000134. If PEPE coin experiences a decline to $0.00000134, it could be an opportune moment for spot investments. If PEPE coin continues its downtrend and reaches $0.00000123, a second purchase can be considered.
If PEPE Coin encounters robust buying reactions from the specified support zones, reigniting the upward trend, the initial target for the uptrend would be the $0.00000172 level, followed by the $0.00000195 level.
SHORT-TERM PEPE Coin Analysis!
Upon analyzing the short-term technical chart of PEPE, it is observed to be moving close to the crucial support zone ranging from $0.001408 to $0.001375. PEPE coin may consider a decline towards this specified range. However, if PEPE coin achieves 2-hour candle closes above $0.001571, it will likely aim for an ascent towards the $0.001712 resistance.
If PEPE coin experiences a drop to the first support range of $0.001408 – $0.001375, confirmation for long positions can be obtained from this zone, targeting the level of $0.0017. If PEPE coin makes hourly candle closes below $0.00135, the anticipated target in the analysis will be invalidated.
If PEPE coin closes candles below $0.00135, it may continue its descent towards the support range of $0.001276 – $0.001236.
