Pepe coin is on an upward trend, but it is currently approaching a key resistance level. Despite a 57% surge in the past month, Pepe [PEPE] has continued to rise by an additional 14% in the last 24 hours. However, to secure further gains, Pepe must overcome the immediate resistance in its path, according to technical indicators.
Traders are closely watching Pepe’s movements after it broke out of a symmetrical triangle pattern on September 26. While the token experienced a significant decline post-breakout, it has since rebounded, riding a fresh rally. Moving forward, Pepe needs to surpass the $0.00001194 resistance level to aim for the short-term target of $0.00001307, with potential for further gains to $0.00001725. Technical analysis suggests that Pepe’s bullish momentum is supported by indicators like the Chaikin Money Flow and Relative Strength Index, pointing towards continued upward movement.
