Bullish on PEPE
2024-11-20

PEPE is currently experiencing a price correction following a significant pump on November 13th. I've identified a bullish wedge pattern that has formed since that date, and PEPE appears to be following this wedge with the potential for a break toward the resistance. Despite the recent price decline over the last few days, the On-Balance-Volume (OBV) indicator is showing bullish divergence, suggesting that upward momentum may be on the horizon.

From a fundamental perspective, PEPE spiked on November 13th largely due to its listing on the Robinhood exchange. This exposure is likely to attract retail investors, which could contribute to PEPE's upward momentum in the coming weeks.