PepeCoin (PEPE) is trading near a critical support level of $0.00000376, forming a potential accumulation zone for buyers. Despite recent selling pressure and weak rebounds, analysts suggest a decisive breakout could lead to a 600% upside for long-term traders. Currently, PEPE shows signs of cooling momentum, with volatility contracting and trading volume remaining low.
On the weekly chart, PEPE has been in a prolonged downtrend, but it has now reached a key historical support zone near $0.0000039. Analysts note that a breakout above the long-term trendline could confirm a bullish reversal, potentially leading to a significant upward push. However, short-term challenges persist, with the token facing consistent lower highs and lows, and technical indicators showing mixed signals. Traders are advised to monitor volume and support levels closely for signs of a potential reversal.
PEPE Price Nears Critical Support Amid 600% Upside Potential
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