🚀 PEPE Coin Technical Analysis Update 🚀
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Here's a quick technical analysis update for PEPE Coin based on recent chart patterns:
📉 **Trend Analysis**: The chart shows a clear downtrend from early June, indicated by the red descending trend line. However, there seems to be a potential reversal as the price is testing key support levels.
📊 **Fibonacci Levels**: PEPE Coin's price action is hovering around crucial Fibonacci retracement levels:
- **0.236 Level**: Currently acting as support.
- **0.382 Level**: The next resistance to watch out for.
- **0.5 Level**: Major resistance, indicating a possible zone for selling pressure.
📈 **Support and Resistance Zones**:
- Immediate support at 0.00001183 (red line).
- Strong resistance at 0.00001400, coinciding with the 0.5 Fibonacci retracement level.
🟢 **Key Observations**:
- A break above the 0.382 Fibonacci level could signal a bullish reversal.
- Sustained movement below the current support might lead to further downside.
Stay tuned for more updates, and always do your own research before making any investment decisions! 🚀📊 #pepe⚡ #CryptoTradingPrediction #TechnicalAnalysis #BinanceSquareFamily $PEPE