PEPE / TetherUSLong
PEPE/USDT: Rising Wedge Targeting $0.000002483
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.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.