PEPE/USDT: Rising Wedge Targeting $0.000002483
2024-12-31
Category: None

PEPE/USDT on the 30-minute chart is forming a rising wedge, with the price currently at $0.000002025. This short-term bullish structure could lead to a breakout if the price pushes above the $0.000002185 resistance level, targeting the next levels at $0.000002483 and $0.000002489.

The MACD is showing bullish momentum, with the histogram gaining strength, indicating that buyers are in control. However, the Stochastic RSI is overbought, which may signal a potential pullback or consolidation before another leg higher.

If the price fails to maintain the wedge and breaks below $0.000001917, it could retest lower support levels at $0.000001889 or even $0.000001705. For now, the trend remains bullish, but it’s essential to watch for confirmation of a breakout or signs of exhaustion.