bullish

Bull Flag

PEPE

Gains

<ul class="wp-block-list">
 <li>PEPE broke out from a Bull Flag with increased volume, indicating strong market interest and buying pressure.</li>  
 <li>The first price target for PEPE is $0.0000375, representing a potential 65% upside from current levels.</li>  
 <li>Rising volume supports bullish momentum, with a high-end projection for PEPE reaching above $0.000063.</li> 
</ul>  
The cryptocurrency PEPE is displaying renewed strength, with its price maintaining a major breakout at current levels. The sustained breakout is drawing attention to the asset’s potential for further upward movement, positioning it as a focus for traders. With key technical levels holding firm, the projected upside indicates a significant increase from its current price range.  
<h2 class="wp-block-heading" id="h-pepe-breaks-out-of-bull-flag-with-rising-volume">PEPE Breaks Out of Bull Flag with Rising Volume</h2>  
The asset PEPE recently experienced a<a href="https://cryptonewsland.com/pepe-unchained-nears-presale-conclusion-pepeto-prepares-for-utility-driven-growth/" target="_blank" rel="noopener noreferrer nofollow"> price breakout accompanied by notable buying volume</a>. The formation of a Bull Flag pattern had signaled a potential for continued upward momentum, with the current volume levels also indicating a breakout, with expectations of further surges.&nbsp;  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc-1cm9jyDzoH3bL4hzHOUEz9LHdnJ55p6Mkn7vQlanz_x3SLPvUZ6-0NaRhsMMMdgvycvlhUAg5Yj0IALzL65REAXi_dxp3F1C74LN24UiZzzk_LpkPWVPI3d0Gpz4DPNtZExr?key=k4QgJfnQGW9qm_Zg75Bhbvbm" alt="">
</figure>  
Source: <a href="https://x.com/JavonTM1/status/1863660470390923411/photo/1" target="_blank" rel="noopener noreferrer nofollow">Javon Marks(X)</a>  
The price consolidated within a descending channel, forming a Bull Flag structure. This phase shows a temporary slowdown in upward momentum while maintaining overall bullish market conditions. A breakout from the Bull Flag pattern is visible, with PEPE moving above the resistance trendline. This breakout coincided with a spike in trading volume, indicating renewed buying pressure and market interest in the asset.&nbsp;  
<h3 class="wp-block-heading" id="h-current-breakout-holding-and-price-action">Current Breakout Holding and Price Action</h3>  
According to a chart by Javon Marks, PEPE’s strong upward momentum follows a breakout from a descending wedge pattern. The price surged in late November, entering a <a href="https://cryptonewsland.com/high-risk-high-reward-how-a-whales-pepe-hold-defied-volatility-for-1-31m-profit/" target="_blank" rel="noopener noreferrer nofollow">consolidation phase with lower volume, and later broke out with increased buying interest. </a>The breakout established new support levels and suggests potential for further gains.  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd1-2h80IaDIM9x-RK65Uf57bQFS0jEEm-Bt75RKsnt8yop09A4oAVMbFNAVdBtFXrHyRtd4vPxHqR_ELhM4R9qbQ5RmL268ZbgpYooi3R-NkQrAg9EcUWGTQIHMJe6BlrTVNDQGw?key=k4QgJfnQGW9qm_Zg75Bhbvbm" alt="">
</figure>  
Source: <a href="https://x.com/JavonTM1/status/1864539892019015867/photo/1" target="_blank" rel="noopener noreferrer nofollow">Javon Marks(X)</a>  
The current breakout in PEPE has established a solid technical foundation, suggesting the potential for further price gains. The measured movement derived from the breakout places the first target at $0.0000375, representing a potential 65% increase from current price levels. The high-end projection points to a level above $0.000063, offering a promising upside scenario if momentum continues to build. 
The post <a href="https://cryptonewsland.com/pepe-shows-strength-as-prices-maintain-a-major-breakout-eyes-further-gains/" rel="noopener noreferrer nofollow">PEPE Shows Strength as Prices Maintain a Major Breakout, Eyes Further Gains</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

PEPE Shows Strength as Prices Maintain a Major Breakout, Eyes Further Gains

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