🐸 $PEPE /USDT - Dead Cat Bounce or Start of a Mega Rally?
Pepe Coin has surged 30% in three days, following Bitcoin's rise above $105,000. But is this a true trend reversal or just a bull trap?
Key Levels to Watch:
🔹 Entry Range: $0.0000130 - $0.0000142
🔹 Target 1: $0.0000168
🔹 Target 2: $0.0000205
🔹 Stop Loss: $0.0000113
Market Insights:
📊 $PEPE has rebounded after hitting $0.00001132, but it remains 50% below its 2024 high. A decisive break above the 50-day moving average and the falling channel resistance could confirm a continued rally toward $0.00002830.
However, failure to sustain this recovery could validate the dead cat bounce scenario, potentially sending $PEPE back down to $0.0000060.
Some analysts see $0.000032 as the next key target if PEPE confirms the bullish flag breakout.
Keep an eye on price action around $0.0000142 – a breakout here could ignite a bigger move!