Technical analysis by MyCryptoParadise_Jack about Symbol PEPE: Buy recommendation (12/5/2024)

Yello, Paradisers! #PEPE’s current price action is forming a classic converging triangle, hinting at a potential bullish breakout on the horizon. 💎All eyes are on the #PEPEUSDT's critical resistance at $0.00002290 to $0.00002320, where descending resistance has kept the bulls in check. A successful breakout above this level would drive PEPE’s momentum into overdrive, setting the stage for higher price levels.💎If the bulls gain control, PEPE is poised to first re-test the recent highs around $0.00002600. From there, the next significant target lies between $0.00002880 and $0.00002940—a strong resistance zone that aligns perfectly with the triangle’s pattern target. This confluence makes it a pivotal range to watch for traders seeking the next big move.💎On the flip side, PEPE is well-supported. The EMA-50, currently around $0.00002050, serves as a dynamic support level and is trending higher, signaling improved momentum. Below that, a robust support range lies between $0.00001850 and $0.00001730, bolstered by the previous all-time high—a key level that sellers will find tough to break.Keep your trading disciplined, Paradisers. Let the market give you confirmation before acting. As always, consistent profits come from patience and precision—trade smart and stay focused!MyCryptoParadiseiFeel the success🌴Another win! #PEPE up 35.41%, as forecasted! The idea went well, however will be closed now owing to price facing some resistance just shy of our major targets.