PEPE is trading at 0.00001862, in a downtrend, moving away from the key Ichimoku Cloud resistance area.
Significant bearish momentum after breaking below 0.00002285 (key support turned resistance).
Immediate support at 0.00001732–0.00001700 (highlighted green area).
Strong demand area below at 0.00001641 (key level to watch for risk of further declines).
Nearest resistance: 0.00002285.
Key breakout levels for potential recovery: 0.00002360 and 0.00002690.
Stop loss: Located slightly below 0.00001641, protection against further declines.
Take profit zone: Above 0.00002831, targeting a significant correction towards the previous highs.
If PEPE sustains the 0.00001732–0.00001700 zone, expect a rebound towards:
Short-term target: 0.00002285.
Mid-term target: 0.00002690.
A breakdown below 0.00001641 could lead to further declines, testing lower unknown levels.
Maintaining caution below the Ichimoku Cloud zone is a must for longs.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult a financial advisor before making investment decisions.
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