Summary
TLDR: PEPE price broke out of short-term resistance but still trades under long-term resistance. Analysts are positive about future trends. Daily chart suggests upward movement will continue, potentially reaching $0.00000200. However, closing below $0.00000105 could invalidate the bullish count.
Key Points
1. The PEPE price broke out from a short-term descending resistance trend line but trades under a long-term one.
2. The technical analysis of the weekly time frame shows the PEPE price has decreased under a long-term descending resistance trend line since May 2023.
3. The weekly Relative Strength Index (RSI) is bullish, indicating a potential bullish trend for PEPE.