- PEPE broke above multi-week resistance with a strong daily close and higher lows, confirming a bullish structure
- Weekly bullish candles and reclaimed levels show rising momentum and possible trend reversal
- Fibonacci zone around $0.00000507 held strong, signaling accumulation at key support
- Momentum points toward targets at $0.00002072 and $0.00002789
PEPE, the popular frog-themed memecoin, is showing strong signs of a significant bullish reversal after months of decline. Over the past 24 hours, the token has jumped nearly 14%, and in the last 7 days, it’s up by an impressive 25%. Currently trading at $0.000008767, PEPE is gaining momentum as it moves deeper into bullish territory, drawing the attention of traders and investors alike.
The recent breakout above a multi-week resistance level, confirmed by a strong daily close and the formation of higher lows, signals a clear shift in market sentiment. This price action suggests that PEPE is transitioning into a bullish structure, with the potential for a long-awaited trend reversal now in play.
PEPE Gathers Momentum for Next Leg Up Towards $0.00002789
According to insights from Rose Premium Signal, “$PEPE is waking up from the floor!” The technical indicators are aligning with this view. The Fibonacci confluence zone around $0.00000507 held strong during the recent consolidation phase, acting as a major support level. This area saw heavy accumulation, indicating that smart money may have entered the market at that historical base.
PEPE has now broken out of a multi-month downtrend, a move that often precedes larger upward movements. Momentum is clearly building, with bullish weekly candles appearing and price reclaiming key technical levels. These signals are often interpreted as early signs of a broader upward push, particularly in volatile memecoin sectors.
Looking ahead, traders have identified two major price targets: $0.00002072 and $0.00002789. If current momentum continues and support holds, these targets could be within reach in the near term. With market sentiment flipping and memecoins gaining fresh attention, PEPE may be positioning itself for another explosive run.
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