Mareena
07/16 12:31
Is a Bullish PEPE Breakout Forming? A clear cup-a
Is a Bullish PEPE Breakout Forming?
A clear cup-and-handle pattern has emerged on the daily chart of PEPE, signaling a possible bullish continuation. The handle part is almost complete, with the price just below the $0.00001580 resistance zone.
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If this neckline is broken, a rally towards $0.000030 could occur. The Directional Movement Index favors a bullish scenario, with the +DI at 35.3 well above the -DI at 12.7, indicating strong buyer dominance.
Meanwhile, the ADX stands at 23.0, signaling a developing trend that still has room to strengthen. Therefore, a confirmed breakout could trigger an acceleration of the upward momentum.
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