- PEPE consistently holds above its rising trendline, signaling strong bullish momentum and firm buyer control, according to UniChartz.
- Technical indicators, including a positive MACD crossover, point to a potential breakout as PEPE nears the key 100 EMA resistance.
- A decisive move above $0.00001152 could open the path toward higher targets at $0.00001313 and $0.00001731, reinforcing the bullish outlook.
As reported by UniChartz on X, PEPE has been maintaining a continuous bullishness in its price action by respecting continuously a rising trendline. They are comfortable being defensive with clean touches along the trendline multiple times since buyers are fully in control and would intervene at certain points to protect certain support levels. The repeated validation of this kind is treated as a strong technical indicator, usually corresponding with a sustainable uptrend.
Bulls are ‘alright’ enough to sustain momentum despite pullbacks, basically on the mainstream form of the preceding structure, a persistent hold above the rising trendline indicates that although the overall market sentiment towards PEPE is still positive, it’s just a matter of time before it finally breaks above the trendline as the bulls can find motivation. UniChartz revealed that so long as PEPE remains stuck within this ascending support structure, the upward momentum may continue. In most cases, it’s such a solid foundation that the next major rally decouples from.
Uptrend Supported By Key Support Levels
Recently, UniChartz noted in its latest update that PEPE’s price had just rebounded sharply off it rising trendline, and again the rising trendline had acted as a critical support area. The horizontal support zone was obstructed by such a significant bounce right above it, which makes sense though because buyers are fighting aggressively at every important level to keep the uptrend going.
The activity of the MACD indicator completing is turning positive and this only adds to the bullish case further. This usually indicates the upcoming PEPE move from one price leg to another so that it could offer a MACD crossover strengthening.
Currently, PEPE has to pass a critical test for the 100 EMA resistance level. However, a strong and decisive breakout above this threshold could accelerate the token to its next-in-line resistance zone which will be some $1.176. This is something that could gain ground and lead to PEPE surging into higher-price territory.
Potential Rally Targets for PEPE
PEPE’s price action continues to respect and lay the groundwork for a rally against the overall trendline of the crypto. For now, breaking above the 100 EMA is the immediate goal since it was repeatedly stopped by that barrier when it was tried before. If PEPE broke out successfully at this juncture, it could drive a sharp upward move to the $0.00001152 level a historically important resistance point.
Now, if bullish momentum holds, and PEPE does manage to break this initial resistance, future eyes will turn to the next and key targets at $0.00001313 and $0.00001731. Past price action combined with Fibonacci retracement levels has identified these zones as major hurdles, which will have to be overcome if any further upside movement is to be seen.
Likelihood of success for this particular trend depends on clearing these resistance levels and the market shifting in a bullish trend in the short term.
