PEPE (Pepe Coin) is currently trading at 0.00001910 USDT and is at an interesting point where it might be ready for a potential reversal. The immediate support level for PEPE is at 0.00001800, where it has shown signs of bouncing in the past. If the price retraces to this area, it could offer a good buying opportunity. If PEPE drops further, the next significant support level is 0.00001650, a strong buyer zone. If the price reaches this level, traders might consider accumulating with a stop-loss set below 0.00001500.
On the resistance side, 0.00002050 is the first major resistance level. A breakout above this level could trigger a bullish rally, with the next target being 0.00002200, a key resistance zone. If PEPE clears this, it could continue climbing toward 0.00002500.
For traders, there are two potential entry strategies. A bullish entry could be made if PEPE successfully breaks above 0.00002050 with strong volume, targeting 0.00002200 as the next resistance level. Alternatively, if PEPE retraces to 0.00001800 and shows signs of bouncing, a long position could be considered with a stop-loss below 0.00001650. For a bearish entry, if PEPE fails to break the resistance at 0.00002050, showing signs of rejection, traders could look to short the coin with targets at 0.00001800 or 0.00001650.
Currently, the price is testing the 0.00002050 resistance, and a breakout could signal further upward momentum, while a failure to breach this level might lead to a pullback.