Once This Resistance Breaks, PEPE Will Fly High

Pepe has been trying to break its significant resistance at 0.000013 for almost two months. Overall, we counted seven breakout attempts, all of which were rejected immediately. Just over the last 7 days, Pepe made three attempts to break out.

Given that the overall market has moved sideways recently, there is a considerable risk that Pepe won't be able to hold the current level and dive deeper. Logically, the risk increases with every failed breakout attempt.

However, that should only be short-lived. Once Pepe finally breaks out, we can expect a massive pump. As a rule of thumb, the longer it takes to break out, the higher it can fly.

In this case, I keep my target at the 0.000024 level.

Nevertheless, I won't enter a trade before if the price closes and gets confirmed above the resistance zone.