The meme cryptocurrency PEPE is showing remarkable resilience as bulls maintain control above the critical 100-day simple moving average (SMA). This technical development has sparked renewed interest among traders, with many eyeing potential upside targets. The price action mirrors broader strength in the meme coin sector, as similar positive momentum builds in the Dogecoin ecosystem with upcoming DeFi integrations.
Technical Analysis Shows Bullish Momentum
PEPE’s current price structure reveals several bullish indicators:
- Strong support at the 100-day SMA holding firm
- RSI maintaining position in positive territory
- Consistent trading volume indicating sustained interest
- Clear resistance target at $0.00000766
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Key Support and Resistance Levels
Traders should monitor these critical price levels:
| Level Type | Price Point | Significance |
|---|---|---|
| Major Resistance | $0.00000766 | Breakout target |
| Primary Support | $0.00000589 | Key buying zone |
| Secondary Support | $0.00000398 | Bottom support |
Risk Factors to Consider
Despite the bullish outlook, traders should remain vigilant of potential risks:
- Potential break below the 100-day SMA could trigger selling
- Volume decline might signal weakening momentum
- Broader market volatility could impact price action
FAQ Section
What is the next major resistance for PEPE?
The immediate significant resistance level lies at $0.00000766, which could trigger a broader rally if broken.
Is PEPE currently in a bullish trend?
Yes, PEPE maintains a bullish trend while trading above the 100-day SMA with positive RSI readings.
What are the key support levels to watch?
The primary support sits at $0.00000589, with a secondary support level at $0.00000398.
Time to read: 4 minutes