The post Pepe Struggling to Break Above Resistance, Will Bears Let a Price Rise Above $0.000008? appeared first on Coinpedia Fintech News
As the Bitcoin price rebounded from lows near $60,000, the markets appear to have gained significant momentum. The Pepe price has led the memecoins by marking three consecutive bullish signals after a fierce battle between the bulls and the bears. Now that the price has triggered a bullish upswing, it is intriguing to observe whether all the other memecoins will regain strength, as witnessed previously in March. 
The current trade setup suggests that the PEPE price is attempting to break above the resistance after bouncing from the lower boundary of the bullish pattern. Presently, the price is testing the upper resistance of the channel, and a breakout beyond the range may present fresh buying opportunities for the token. On the other hand, the bears are determined to restrict the rally within the pattern, increasing the likelihood of forming another lower high. 
Will the bulls be trapped at $0.00000682, or is a breakout above $0.000007 on the horizon?

Pepe 努力突破阻力位後，空頭會讓價格升至 0.000008 美元上方嗎？隨著比特幣價格從接近 6 萬美元的低點反彈，市場似乎獲得了顯著的動力。在多頭和空頭之間的激烈戰鬥之後，佩佩價格連續三個看漲訊號，引領了迷因幣的價格。既然價格已經引發了看漲上漲，那麼觀察所有其他 memecoin 是否會像 3 月所見的那樣恢復強勢是很有趣的。目前的交易設定表明，PEPE 價格在從看漲模式的下限反彈後正試圖突破阻力位。目前，價格正在測試通道的上部阻力，突破該範圍可能為該代幣帶來新的買入機會。另一方面，空頭決心將反彈限制在該模式內，從而增加了形成另一個較低高點的可能性。多頭會被困在 0.00000682 美元，還是即將突破 0.000007 美元？

Since the price triggered a breakout above the $0.000001 range and marked highs above $0.00001, traders have been vigilant and appear to be closely monitoring the market trend. The fluctuating volume and the rally sustained within a descending channel support this claim. Market participants seem to have turned bearish on Pepe as the Ichimoku cloud turns red and the OBV maintains a fresh bullish reversal, indicating the availability of liquidity on the platform. 
This suggests that buy-sell-trade executions may be facilitated with ease, which could sustain the token's volatility to a significant extent. The price is currently facing some bearish pressure, indicating a minor pullback on the horizon. Hence, a plunge below $0.000006 could be imminent if the bulls fail to break above the upper resistance. Unless the PEPE price sustains above the crucial range at $0.0000065, the possibility of a bullish reversal remains high. 
Therefore, the next few days could be crucial for the Pepe (PEPE) price, as a rejection from the upper resistance may pave the way for a fresh plunge, or a rise beyond $0.00000930 is imminent.

由於價格突破 0.000001 美元區間並創下 0.00001 美元以上高點，交易者一直保持警惕，似乎正在密切關注市場趨勢。成交量的波動和下降通道內持續的反彈支持了這一說法。隨著 Ichimoku 雲變紅且 OBV 保持新的看漲反轉，表明平台上存在流動性，市場參與者似乎開始看跌 Pepe。這表明買賣交易的執行可能會很容易，這可以在很大程度上維持代幣的波動性。目前價格面臨一些看跌壓力，顯示即將出現小幅回檔。因此，如果多頭未能突破上方阻力位，跌破 0.000006 美元可能迫在眉睫。除非 PEPE 價格維持在 0.0000065 美元的關鍵區間之上，否則看漲逆轉的可能性仍然很高。因此，未來幾天對 Pepe (PEPE) 價格至關重要，因為上方阻力位的拒絕可能為新的暴跌鋪平道路，或即將突破 0.00000930 美元。