Pepe Price Surges With Strong Bullish Momentum, Targets Key $0.00001421 Resistance

PEPE/USD Price Analysis – July 17

The Pepe price is demonstrating a powerful bullish resurgence, having decisively shifted from a corrective phase into a robust uptrend. Buyers have taken clear control of the market, pushing the price through previous resistance levels and establishing a sequence of higher highs and higher lows. The market is now approaching a critical resistance ceiling, a breakout of which could usher in the next major leg of price appreciation.

Pepe Key Levels

Support Levels: $0.00001080, $0.00000820
Resistance Levels, $0.00001421, $0.00001320

The daily chart for PEPE/USD shows a market that has come full circle. After a significant rally in May, the price entered a sharp correction in June, finding support around the $0.00000823 level. From these lows, a strong recovery began in late June and has since accelerated throughout July. Bulls have successfully reclaimed the narrative, driving the price above the former resistance at $0.00001085, which now serves as a key support level.

Pepe has opened its at $0.00001390, the price is pressing firmly against the major resistance at $0.00001421. This level represents the last significant barrier preventing a retest of the May highs. The sustained buying pressure indicates that bulls are in firm control and are aiming to breach this ceiling. A daily close above this resistance would solidify the uptrend and likely lead to further gains.

The MA Cross (9, 21) registered a bullish crossover in early July, with the faster 9-period MA moving decisively above the 21-period MA. Both lines are now trending upwards, confirming the strength of the uptrend. The MACD indicator is also strongly bullish; the MACD line is well above the signal line in positive territory, and the histogram bars are growing, indicating robust and increasing upward momentum.

Market Expectation

Pepe opens floor at $0.00001399 for a slight gain of +0.21%, the price has been grinding steadily higher in a well-defined uptrend since early July. Pullbacks have been shallow and have consistently found support at the rising moving averages, demonstrating the eagerness of buyers to enter the market on any minor dip.

The current price action shows a slight consolidation just below the major resistance level. This pause near the peak of the recent move is constructive, suggesting that bulls are gathering strength for an attempt to break the $0.00001421 resistance. The trend remains firmly in bullish hands as long as the price continues to respect the ascending structure.

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