đ¨ $PEPE Analysis â Breakout in Progress! đ¨
The 4-hour chart for $PEPE highlights an upward trend as the price approaches a critical resistance zone. Currently trading at 0.00001038, PEPE is building momentum and eyeing a potential breakout.
đĄ Key Levels to Watch:
Resistance Zone: 0.00001100 â 0.00001200
Current Price: 0.00001038
Support Levels: 0.00000900, 0.00000750
đ Bearish Scenario:
If PEPE faces rejection at 0.00001200, the price could retrace toward the 0.00000900 level. A break below that may push PEPE lower, testing the key support at 0.00000750.
đ Bullish Scenario:
A successful breakout above 0.00001200 could set the stage for a rally toward 0.00001300 and beyond. A sustained move past this resistance would signal strong buying momentum and could trigger further upward movement.
⥠Monitor Closely: With PEPE approaching this key resistance zone, traders should stay alert for volume spikes and a confirmed breakout. This setup offers opportunities for both long and short trades, depending on the price action.
