Pepe is back to the point after an escape from his longest downward trend, while Bitcoin is negotiated above $ 100,000. Gems Hunter Lyx On X says that Pepe Price has left its toughest channel and now forms a highest high and highest high model.
Historically, this has led to explosive rallies in the past of the token. With Bitcoin testing a key psychological resistance, some traders look closely for the reversal of the momentum in the pieces even.
The technical model, combined with the increase in social feeling and the improvement of the structure on the daily graph, replaced Pepe on the radar for speculative traders.
Pepe leaves the descending channel after the decline of several months
On the daily graphic, Pepe Price came out of a descending channel which maintained it content since the end of December 2023. The downward trend has shown lower and lower ups, which indicates that the sellers have checked us for several months. The motif was defined by two lines of parallel tendencies which acted as a dynamic resistance and support.
During writing, Pepe won almost 25%, accompanied by an increase of 150% of the commercial volume. This combination of the price movement and increased activity supports breach as technically valid. The graph now shows an upward trend in developing, with higher stockings and highest highs forming for the first time since the pea of the last rally of Pepe.
PEPE prices resistance and volume levels to be monitored
The price of Pepe is testing horizontal resistance almost $ 0.00,000,750, a level that has held a ceiling several times. A daily closure above this beach could start more upwards. The following price targets are between $ 0.0000,00010 and $ 0.000012, areas where PEPE previously made sales pressures.
The recent trading volume peak, alongside the break, adds weight to this current movement. Further on could be seen if the volume continues to increase and the prices supports above the resistance.
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In addition, Lyx's tweet describes a historically raised configuration and highlights the timing with Bitcoin rupture over $ 100,000. The message connects this decision to increasing confidence through the market, which suggests that investors can now be more willing to turn into speculative active ingredients, including parts even.
This change of feeling occurs at a time when technical momentum and chain engagement for Pepe improves. If Bitcoin maintains levels above $ 100,000, traders could see an increased demand for altcoins with a high beta, and the PEPE price remains among The most closely monitored in this category.
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