$PEPE Price Analysis 📊

The chart shows $PEPE losing steam after dropping below the 50-day moving average (50MA) 🔴, but finding support above the 100-day moving average (100MA) 🟢. The rapid bounce suggests strong buying pressure at these levels 💪.

Currently, PEPE is trading just below the fair value gap (FVG) zone 🚫. Consolidation under this resistance level is likely before a possible breakout attempt 🔓. If the FVG is flipped into support, it could trigger a renewed bullish move 🚀, with the next potential target above the previous highs 🎯.

Key levels to watch:

🔑 Support: 0.00001421 (near 100MA)

🚫 Resistance: FVG zone and the 50MA

Patience is key 🔒 to confirming whether consolidation or a breakout materializes. Stay tuned! 👀

#RideTheKaiaWave @Kaia Chain $KAIA

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