PEPE is respecting a rising trendline beautifully, with multiple successful touches (highlighted in yellow), showing strong underlying support.The price recently bounced again from this trendline, right above a key horizontal support zone. Additionally, the MACD indicator is turning positive, suggesting growing bullish momentum.
Currently, PEPE is approaching the 100 EMA resistance. A clean breakout above the 100 EMA could open the path toward the key resistance zone above.
DYOR, NFA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.