The price has succes$BNB $BTC $BNB #BinanceLaunchpoolBIO #GrayscaleHorizenTrust #BinanceAlphaAlert #CorePCESignalsShift sfully reached the target outlined in my earlier analysis. PEPEUSDT experienced a significant pullback after forming a double top at the resistance zone. This led to a break below the support level, followed by the formation of a long tail bar, which indicates a liquidity grab. Currently, the price is testing a consolidation zone that has held for over four months. This scenario suggests a potential breakout-pullback-retest pattern. If the price maintains above this consolidation area, we could see a gradual upward trend, likely beginning in the upcoming year.
The market’s current behavior presents a critical test of its strength. As the price retests the consolidation zone, the key focus will be on whether it can hold steady above this level. Should the market sustain its position above this zone, I expect upward momentum to continue, with the resistance level at around 0.00002340 remaining the next significant target.
At this stage, it's essential to wait for confirmation through price action. The market’s ability to stay above the consolidation zone will be a strong signal for further bullish movement. With patience, we can watch for signs of a potential breakout, and I will continue to monitor the resistance target of 0.00002340 as the next key milestone.
ward.
