Yello! Is #PEPEUSDT on the verge of a breakout or are we about to see a major reversal? Here's what you need to know right now about #PEPE:
đ#PEPEUSDT is showing strong signs of a bullish continuation as it moves from a key support level toward retesting the minor resistance above. If price action holds momentum here, we could witness a break above the descending trendline, setting the stage for a powerful bullish surge. Over time, weâve noticed that #PEPE consistently respects this resistance zone, and if momentum sustains, an imminent breakout is on the horizon.
đHowever, the bullish scenario isn't confirmed yet. The crucial level to watch is the minor resistance at $0.0000118. We need a decisive break above this level, accompanied by strong engulfing candles and sustained momentum. Until that happens, we must stay cautious and avoid rushing into positions. Itâs all about patience in these moments.
đIf #Pepe fails to break above $0.0000118 and loses momentum, the bears may take control. In that case, the key level to monitor is the bullish order block (OB) between $0.0000069-$0.0000074. This zone has already been tested twice and has held strong. If the price rebounds here, the bullish outlook could remain intact.
đOn the other hand, if #PEPE breaks below this Bullish OB, the next target would be the major support at $0.0000059. A fall below that, and the bullish setup would be invalidated, likely triggering a sharp drop in price.
Stay focused, patient, and disciplined, Paradisers! đ„
MyCryptoParadise
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