Pepe Coin (PEPE) has seen a significant increase in price, breaking through the $0.000010 support level and showing potential for a bullish breakout. The coin has surged nearly 10% and is currently trading above the resistance level of $0.0000110. If Pepe coin manages to close above the $0.00001220 barrier, it could potentially see a surge of over 20%.
The recent price action has been positive, with the coin breaking through a major contracting triangle on the daily chart and showing bullish momentum. The next major hurdle for the price is the $0.00001220 level and the 50-day simple moving average, which could open the doors for a fresh surge. If the price manages to close above these levels, it could easily move towards the $0.0000155 resistance, with further potential for acceleration towards the $0.0000172 level.
On the flip side, if Pepe coin fails to clear the $0.0000122 resistance zone and the 50-day simple moving average, it could see a decline below the $0.0000110 level. The first major support is near the $0.000010 level, with the potential for further downside towards the $0.00000880 and $0.00000720 levels.
The recent news of Ethereum’s win, as the SEC closes its investigation into Ethereum 2.0, has had a positive impact on Pepe’s team and its ecosystem. Overall, the PEPE price is signaling a strong bullish reaction from the $0.000010 level, with the potential for a fresh rally towards $0.000015.