Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
“PEPE is showing strength after a clean breakout above the key resistance zone,” UniChartz shared in a recent post on X, highlighting a decisive shift in the meme coin’s short-term momentum. The breakout reflects renewed buying pressure as the price pushed beyond a major barrier that had previously capped upside moves.
PEPE Finds Its Footing at Strong Confluence Zone
The analyst further noted that PEPE is now “in the process of retesting that breakout level,” calling it “a classic bullish confirmation if the zone holds.” This retest phase is a critical moment; if bulls successfully defend the newly formed support zone, it could open the door for another leg higher. Overall, the price action suggests that bullish momentum is building, with the current consolidation acting as a potential launchpad for the next move upward.
According to UniChartz, PEPE’s price action continues to respect a well-established rising trendline, which has acted as reliable dynamic support over the past few months. This trendline has been tested on multiple occasions, each time resulting in a bullish reaction, a strong indication that buyers are stepping in during these retests. Furthermore, this diagonal support aligns closely with a key horizontal demand zone, forming a critical confluence that strengthens the overall bullish structure.
As long as PEPE stays above these intersecting support levels, the market structure remains tilted in favor of the bulls. The price consolidating in this region suggests a potential accumulation phase, where market participants are preparing for the next move.
Should PEPE bounce strongly from this confluence area, it could mark the beginning of a renewed upward leg, potentially attracting fresh buying interest and reinforcing positive sentiment. Such a move would confirm the trendline’s significance and validate PEPE’s ability to maintain its medium-term uptrend amid broader market uncertainty.
Volume Supporting The Bullish Shift
According to Whales_Crypto_Trading, PEPE has broken out of its descending channel with impressive volume, signaling a potential shift in momentum for the meme coin. PEPE’s breakout was backed by a notable surge in trading activity, indicating strong interest from market participants and potentially the involvement of larger players.
The analyst emphasized that if the current retest of the breakout zone holds, it may act as a launchpad for further upside in the upcoming weeks. This kind of technical retest, when supported by volume, often serves as a validation of trend reversal and reinforces bullish sentiment.
Featured image from Medium, chart from Tradingview.com
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.
My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.
I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.
When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.
Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.
My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.
Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is.
One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others.
I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams.
I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.
I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
