Trump’s declarations on America

Jul 29

Pepe (PEPE) has benefitted the most from Ethereum ETF's bullish headwinds, as per the price action. Currently, PEPE consolidates within a tight-packed range, suggesting a potential breakout that could further propel its price. This range often precedes with significant price spikes, making it a crucial juncture to look at.
PEPE's price has been testing the crucial 50-day Exponential moving average band and has been above the 200-day EMA for a prolonged span of time, which signals a strong uptrend. The RSI, currently as of writing was at 56.15, exhibiting a neutral to slightly bullish sentiment.
Meanwhile, the MACD indicated bullish signs from the past two weeks formed a golden cross with the MACD line crossing above the signal line. This shows a shift in the favor of the bulls.
PEPE might surge magnificently soon due to the positive crypto landscape's atmosphere. This bullish sentiment has been fed by various political changes and developments.

Such as Donald J. Trump’s declarations on America to form a global hub for cryptocurrency, and he further aimed to clear hurdles in doing so by firing SEC Chair Gary Gensler and naming a more crypto-friendly chief. Mainly, the political support enhances regulatory atmospheres and sentiments. Thus, enabling innovation and growth within crypto verse is possible; hence, meme-tokens as PEPE benefit from it, too.
If PEPE breaks above the immediate resistance at $0.0000130 with strong volume, it could trigger a bullish continuation spike. The next target would be $0.0000139, followed by potential new highs.
On the flip side, if PEPE fails to break the resistance and falls below the support at $0.0000111, it could lead to a retest of the $0.0000100 level. A break below this support could trigger further downside for $0.0000080.