Will PEPE Climb 30% This Week? This Analyst Thinks So
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Traders are eyeing PEPE, the meme-inspired cryptocurrency, due to optimistic technical analyses. A bullish pennant formation, highlighted by the analyst 'World Of Charts,' suggests a significant price increase. PEPE is projected to rise 25-30%, with current trading levels indicating a possible jump from $0.00001263 to $0.00001600.
Technical indicators further support a positive outlook, with PEPE trading above its 50 EMA ($0.000011) and 100 EMA ($0.00001029). The Relative Strength Index (RSI) also points towards a neutral to positive sentiment. A breakthrough past current resistance levels could drive PEPE to new highs.
For short-term traders, this presents a solid buying opportunity as the asset shows an upward trend. Over the long term, forecasts suggest a 245% increase over the next three months and a 180% rise over the next six months. A one-year projection indicates a 166% increase, making PEPE appealing for both short-term and long-term investors.
Source: www.newsbtc.com ↗
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