🔥5 Reasons Why the
$PEPE Bull Rally May Be Just Getting Started🚀
(1)
$PEPE has decisively broken above a
well-defined horizontal resistance on the
8-hour timeframe. The breakout candle
closed strongly, indicating acceptance above
this level rather than a temporary liquidity sweep.
This increases the probability of a successful
resistance-to-support flip.
(2) After an extended consolidation phase
below the MA(100), price has now reclaimed
it with momentum. This moving average
previously acted as dynamic resistance,
and reclaiming it often signals a structural
shift from bearish to bullish conditions.
(3) The breakout is accompanied by a noticeable
increase in volume, confirming participation
from larger market players. Breakouts without
volume tend to fail; this one shows clear
commitment, which strengthens the validity
of the move.
(4) The MACD has printed a bullish crossover,
and the histogram is expanding to the upside.
This suggests increasing bullish momentum
rather than late-stage exhaustion, which is
typical in the early phase of trend continuation.
(5) RSI is elevated, reflecting strong buying
pressure, but there is no bearish divergence
present. In trending markets, RSI can remain
in the upper range for extended periods,
making this a sign of strength rather than an
immediate reversal signal.
In conclusion, Market structure has flipped
bullish, momentum indicators are aligned,
and volume confirms the breakout.
As long as
$PEPE holds above the former
resistance zone, pullbacks are more likely to
act as continuation entries rather than signs
of trend failure.
Don't miss this bullish momentum breakout. 🔥🚀
Good luck!
DYOR
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