Will PEPE Jump to the Moon, or Is It Just a Tadpole?
2024-09-27



 Technical Analysis: 

 1. Bullish Breakout Possibility: 
 
 The price of  PEPE/USDT  is currently approaching the previous swing high at  896 , which acts as a key resistance level. A break and retest of this level would signal bullish confirmation.
 The  smooth oscillator  shows strong momentum, with a  regular bullish divergence , suggesting a potential push higher if the price manages to break the resistance.
 Price has been consolidating above key support levels, indicating that bulls are attempting to take control, but confirmation is needed with a break of  896 .
 

 2. Key Levels and Entry Points: 
 
 The resistance level to watch is  896 . A break and retest of this level would signal a bullish breakout, with the next target at  1350 .
 If the price fails to break above  896 , a retracement towards  686  could occur, providing an opportunity to accumulate at lower levels.
 

 3. Indicators and Oscillators: 
 
 The  trend  and  ribbon  indicators across multiple timeframes (1-hour, 4-hour, 1-day) are showing bullish signs, signaling potential upside if the price breaks resistance.
 The  momentum oscillator  is showing increased strength, while the  regular bullish divergence  suggests a shift in momentum.
 

 4. Targets and Resistance Levels: 
 
 Key resistance is  896 . A break and hold above this level could push the price toward  1350 .
 If the bullish scenario plays out, the price could head higher after breaking key resistance levels.
 

 Conclusion: 
 
 PEPE/USDT  is testing a key resistance at  896 . A break and retest would signal a bullish continuation, with a target of  1350 . Failure to break could lead to a pullback towards  686 , which could offer a better entry.
 

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