PEPE Breaks Out, How High Can It Go? 3 Things to Watch Today (PEPE Price Analysis)

CryptoPotato

2023-08-14 11:45:44

PEPE is breaking one resistance after another. Where will it stop?

Key Support levels: $0.00000136

Key Resistance levels: $0.00000149

1. Another Resistance Broken

PEPE’s rally continued this Monday, and in the process, the price has turned the previous resistance at $0.00000136 into a key support. This is bullish and places this memecoin on a potential path to higher levels.

Chart by TradingView## 2. Sellers Absent

This is a buyers’ market, and PEPE’s price did not hesitate to show it. In the past week, sellers were absent as the volume profile closed in the green for six consecutive days, and today is also about to do the same.

Chart by TradingView## 3. Breakout on RSI

The daily RSI has made a higher high. This is very good news for PEPE holders as it indicates that the price wants to go much higher. It’s important to pay close attention to how today’s candle closes and if the RSI will continue to show a higher high.

Chart by TradingView## Bias

The bias for PEPE is bullish.

Short-Term Prediction for PEPE Price

The trend remains firmly on the bullish side for this cryptocurrency, and buyers don’t seem satisfied. Therefore, it’s possible for the price to initiate a test of $0.00000149 next if this momentum continues.

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