$PEPE has been in a consolidation phase for over a week but recently broke out, closing above the zone and reaching levels above 0.00002. Here’s the current setup:
📉 Pullback in Progress:
The price is pulling back to retest the consolidation area, following a downward trendline.
📈 Key Signals:
• A rejection of the trendline could spark a bullish move.
• On the daily timeframe, the price bounced off a support level, forming a long tail bar—a positive sign of buying pressure.
🎯 Expectations:
• Likely to retest the middle of the consolidation zone, which often acts as support and resistance.
• Targeting the resistance zone around 0.00002185 for the next move.
💡 Share Your Thoughts!
Traders, if you like this idea or have your own analysis, drop a comment below. Let’s discuss! 👩💻 #PEPEUSDT #PEPE
