Will PEPE Climb 30% This Week? This Analyst Thinks So

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Will PEPE Climb 30% This Week? This Analyst Thinks So - NewsBTC

Quick Summary:

This breakout represents a turning point when the token breaks free from the consolidation period inside the convergent trendlines.$Pepe Breaking Bullish Pennant Successful Breakout Can Lead 25-30% Bullish Wave #Crypto #Pepe pic.twitter.com/o2Z9G6nWRV — World Of Charts (@WorldOfCharts1) July 23, 2024 PEPE was trading at $0.00001263 at the time of writing, suggesting a 4.60% increase; forecasts show a probable climb to $0.00001600, therefore reflecting a possible jump of up to 27%.

Related Reading: Cosmos (ATOM) Set For 50% Rally After Recent Plunge, Analyst Eyes $12 Target Converging trendlines following a significant price gain, commonly called the flagpole, constitute the bullish pennant, which often indicates a halt before the market continues its upward trajectory.

On the other hand, should PEPE lose its present momentum and below the 50 and 100 EMAs, prices would perhaps drop to the support level of $0.00000842.Currently at 56.16, the Relative Strength Index (RSI) points to a neutral to somewhat positive attitude lingering over the middle.