Pepe Price Momentum: Potential for New Monthly Highs After 115% Leap?

BeInCrypto
BeInCrypto

28 Jun 2023 2:15 PM

The PEPE price is trading in a continuation pattern. A breakout from it will confirm that the trend is bullish, and new highs will follow....

  • The Pepe (PEPE) coin price broke out from a long-term diagonal resistance line and reached a new monthly high on June 23.
  • The price is trading in a continuation pattern, and a breakout will confirm a new monthly high.
  • The Relative Strength Index (RSI) supports the increasing price trend.
  • The wave count analysis suggests a bullish price prediction, with a target between $0.0000019 and $0.0000021.

The sentiment of the article is generally positive, as it discusses the breakout of the Pepe coin price and provides a bullish price prediction based on technical analysis.

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You May Ask

When did the Pepe coin price break out from the long-term resistance line?What is the significance of the Relative Strength Index (RSI) in determining market conditions?What is the target price range for the bullish price prediction of the Pepe coin?What would invalidate the bullish forecast for the Pepe coin price?Note: The analysis provided is based on the information given in the input article and may not reflect the actual market conditions or future outcomes.

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