💰 PEPE Analysis- 👀
The asset recently broke out of the "descending channel" accompanied by a significant volume, signaling a strong bullish impulse. It is currently undergoing a retest above the channel, with the 50-day moving average providing critical support. This support at 50 MA level is quite strong. 💪
If the price successfully holds above the descending channel during this retest, it will serve as a bullish confirmation.
