๐ PEPE on the Rise! Where's the Next Stop? ๐ฏ
PEPE is gaining strength but faces significant hurdles ahead.
- **Current Price**: $0.00000946
**Support Levels**:
- **Immediate Support**: $0.00000932 (20-period EMA)
- **Strong Support**: $0.00000892 (recent range low)
- **Key Support**: $0.00000885 (multi-week low)
**Resistance Levels**:
- **Immediate Resistance**: $0.00000952 (recent swing high)
- **Key Resistance**: $0.00000968 (Fibonacci extension level)
- **Strong Resistance**: $0.00000996 (psychological level)
- **Major Resistance**: $0.00001020 (double top formation)
**Range Bound Levels**:
- **Lower Range**: $0.00000885 - $0.00000899
- **Higher Range**: $0.00000952 - $0.00000968
**Buy Zones**:
๐ข $0.00000892 - $0.00000899 (strong support, potential bounce area)
๐ข $0.00000932 - $0.00000938 (20-period EMA support, pullback buy zone)
**Sell Zones**:
๐ด $0.00000952 - $0.00000968 (resistance cluster, potential sell area)
๐ด $0.00000996 - $0.00001020 (strong resistance, consider booking profits)
**Potential Scenarios**:
- **Bullish Scenario**: If PEPE breaks and holds above the $0.00000952 resistance, it could rally to the $0.00000968 Fibonacci level. A decisive move above $0.00000996 could lead to testing the major $0.00001020 resistance.
- **Bearish Scenario**: A drop below the $0.00000892 support could invalidate the current uptrend, potentially bringing PEPE back to the $0.00000885 - $0.00000899 range. A sustained move below $0.00000885 could trigger more selling pressure.
- **Range Bound Scenario**: If PEPE stays between $0.00000885 and $0.00000968, traders might buy near the lower end ($0.00000892 - $0.00000899) and sell near the upper end ($0.00000952 - $0.00000968).
Staying flexible and adapting to changing market conditions is crucial in this volatile environment. ๐น๐
