🔴 $PEPE UPDATES 🔴
$PEPE Technical Analysis*
*Falling Wedge Pattern*
PEPE is currently trading within a falling wedge pattern, indicating a potential reversal.
*Price Action*
- Recent low: 0.000007
- Current price: 0.000088 (4-hour time frame)
- Long wick doji candle: Potential price rejection and retracement to 0.000007 or further decline
RSI and Liquidations*
- Oversold on RSI
- Millions of liquidations have occurred
- Whales showing interest in buying for an upward direction
*Resistance Levels*
- 0.000099: Breakout required for upward confirmation
- 0.000103: Breakout required for further upward movement
*Support Level*
- 200 EMA (1-day time frame): Major support level, potential reversal point
Overall, PEPE is at a critical juncture, with a potential reversal possible if it breaks out above the resistance levels and holds above the 200 EMA support level.