PEPE/USDT 🐸
After an 800% rise last month, $PEPE has been consolidating within a certain range for a while and seems to have formed a triangle formation in the 4-hour time frame. It is observed that the price is currently rising above the 4-hour period without entering the oversold zone.
As long as the decline in the BTC and#total3chart does not continue, I think the price will keep itself in this formation and the price will test the falling trend during the first volume rise. If this trend breaks, the price will try to take the liquidity in the resistance areas I mentioned on the chart. If the opposite happens, support zones are available on the chart and our first main support is the previous bottom zone of the price, $0.00000600.
We must act knowing that PEPE is a#memecoinand a risky investment. Risk management and gradual purchasing should always be on our minds!
❗️ What I write here is my own opinion and is not investment advice #DYOR