$PEPE has been in a consolidation phase for over a week but recently broke out, closing above the zone and reaching levels above 0.00002. Here’s the current setup:

📉 Pullback in Progress:

The price is pulling back to retest the consolidation area, following a downward trendline.

📈 Key Signals:

‱ A rejection of the trendline could spark a bullish move.

‱ On the daily timeframe, the price bounced off a support level, forming a long tail bar—a positive sign of buying pressure.

🎯 Expectations:

‱ Likely to retest the middle of the consolidation zone, which often acts as support and resistance.

‱ Targeting the resistance zone around 0.00002185 for the next move.

💡 Share Your Thoughts!

Traders, if you like this idea or have your own analysis, drop a comment below. Let’s discuss! đŸ‘©â€đŸ’» #PEPEUSDT #PEPE