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PEPE Breaks Out of Consolidation, Eyes $0.00002 Target

Analysts See a "Textbook" Setup for a Major Pepe Price Rally

  • PEPE approaches breakout as ETH rally fuels high-beta catch-up trade potential
  • Cup and Handle breakout boosts PEPE targets up to $0.000025 in short term
  • MACD and rising volume confirm momentum despite RSI signaling near-overbought levels

Pepe (PEPE) is once again in the spotlight as it approaches a critical breakout level, riding the coattails of Ethereum’s recent rally. While ETH has surged to new highs, PEPE has lagged, positioning itself as a potential high-beta catch-up play. 

Now, multiple technical patterns suggest the asset may be on the edge of a major move. With Pepe currently trading at $0.0000136, analysts are turning increasingly bullish on its short-term and long-term price potential.

PEPE Key Breakout Levels to Watch

PEPE recently closed just above a key resistance zone near $0.00001385, indicating that buyers are regaining control. Lark Davis, a prominent analyst, highlights the significance of this level.

According to his analysis, the orange trendline marks a crucial breakout level, and a sustained move above it could unlock targets at $0.0000165, $0.00002, and even $0.000025.

Supporting this view, the daily chart shows a bullis…

The post PEPE Breaks Out of Consolidation, Eyes $0.00002 Target appeared first on Coin Edition.

Source

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