**$PEPE Breaks Out: Two Bullish Patterns Confirmed 🚀**
$PEPE has broken out from the Triangle pattern mentioned yesterday, and now two key bullish patterns are emerging. Notably, the Bullish Pennant on the 1D chart has remained valid, even after a weak breakout attempt. Many traders might have discarded it, but I'm keeping it intact, as the target tied to this pattern is significantly higher than the Triangle's breakout target of $0.0000329—64% above the current price.
### Chart Analysis
- **Triangle Breakout Target**: $0.0000329
- **Daily RSI**: Breaking above a bearish trendline but still neutral. It needs to push beyond 60 to signal a more substantial shift.
- **Key Levels**:
- The $0.0000225 resistance must be flipped into support, ideally with a retest.
- Closing above this level could initiate a bullish market structure change, especially since we already have a higher low on the chart.
- **VRVP Profile**: Significant resistance up to the $0.0000225 level. Breaking above would solidify a market structure flip, strengthen support, and push RSI into a more bullish range.
### Zoomed-In Analysis: 2-Hour Chart
On the 2-hour chart, another breakout is occurring from a Falling Wedge with a target of $0.0000210. While some friction is expected around this level, the ultimate test remains flipping $0.0000225 into support.
- **2H RSI**: Bullish since yesterday, currently above 70, and showing enough momentum to mimic the recent moves of $DOGE.
### Resistance and Next Steps
The all-time high (ATH) of $0.0000283 recorded last month remains a key level, with substantial resistance expected before another significant rally. For now, we wait for the stars to align:
- Higher high supported by increasing volume
- Daily close above $0.0000225
- RSI moving decisively into bullish territory
No active position yet—observing the market reaction. Trade smart and, above all, follow your instincts. If you’re entering for the love of the Frog, go for it! 👽💙
#PEPE #CryptoCharts
#BullishMomentum