$PEPE - ANALYSIS 😱 PUMP COMING ? Or DUMP
Recent Trend:
The price has been in a strong uptrend, breaking out from a consolidation phase. It moved sharply from around 0.00000100 to a high of 0.00002400 before retracing to 0.00002107.
Volume Profile:
The breakout was supported by significant volume spikes, indicating strong buying interest. The current pullback is accompanied by lower volume, which often signals consolidation rather than aggressive selling.
Current Structure:
The price is consolidating, forming a potential flag pattern. This structure often precedes the next big move.
Bullish Scenario
If the price breaks upward from the consolidation:
The immediate resistance is at 0.00002400, which was the recent high.
The key bullish target is at 0.00003000, a psychological level and Fibonacci extension.
An extended target could be 0.00003500, a higher resistance level.
Bearish Scenario
If the price fails to sustain above current levels:
The immediate support is at 0.00002000, which is a psychological level.
A breakdown could lead to a key bearish target at 0.00001500, a previous support and Fibonacci retracement zone.
An extended target is 0.00001000, the major prior consolidation area.
Indicators to Watch
RSI can reveal overbought or divergence signals during the consolidation phase. Volume patterns should be monitored for a breakout or breakdown with strong confirmation. Moving averages, particularly short-term EMAs, can provide support during pullbacks.
