Vlad Anderson

$PEPE , the popular memecoin, is showing signs of a potential bullish rally after strong trader optimism returned to the speculative memecoin market. With multiple Break of Structure (BOS) and Change of Character (CHoCH) confirmations, PEPE is now eyeing a key resistance level at $0.00000780. Can it break through? 🤔

📈 Recent Performance:

- PEPE’s price surged by 5.02% in the last 24 hours, with a 39.88% increase in trading volume! 🔥

- According to the WhiteBIT 4-hour chart, we see multiple confirmations indicating a possible bullish reversal. This suggests PEPE is reclaiming support levels and is now testing resistance at $0.00000780. A breakout above could trigger a significant uptrend. 📊

🔑 Key Insights:

- RSI sits at 50 (neutral), signaling more potential for buying. 🛍️

- Short-term technicals, including MACD and moving averages, are flashing a ‘buy’ signal. 🔵

- Long-term moving averages still show some bearish pressure. 🐻

- Open Interest jumped by 8.47%, indicating increased trader activity. 🏦

📊 What’s Next? PEPE’s technicals and on-chain data suggest a rally could be near, especially if it breaks through the resistance zone at $0.00000780. If successful, PEPE could target $0.00000850 in the coming weeks. 📅

But remember, the memecoin market is volatile! ⚠️ While the bulls are taking charge, PEPE’s long-term momentum remains uncertain.

📍 Stay tuned – the next few days will be critical in determining if PEPE is ready for a major breakout.

📊 WhiteBIT Chart: PEPE/USDT (4H)