PEPEUSDT has been on a tear lately, soaring over 230% from its recent low. This impressive rally has left the coin consolidating, forming a bullish flag pattern right in the middle of the trend.
What does this mean for you?
Well, it could mean we're about to witness another leg up!
Here's what to watch out for:
* Flag Pattern Support: The price might dip to the support level of the flag pattern, around $0.018. This could be a great buying opportunity for those who missed the initial rally.
* 200 EMA Support: Once the price breaks the flag's resistance line, it could find strong support at the 200 EMA. This level has historically acted as a reliable support zone.
So, what's the takeaway?
If the price breaks the flag's resistance line, it could signal a bullish continuation. This could lead to further gains and potentially push the price higher.
Disclaimer: This is not financial advice. Always do your own research before making any investment decisions.
Let's keep our eyes on PEPEUSDT as it continues to make waves in the crypto market!
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