SasanSeifi|Is PEPE Poised for Another ATH After Corrections?
2024-11-23

Hey there, In this analysis, we examine the price movement of  BINANCE: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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