$PEPE 1W HIGHER TIME FRAME UPDATE

📌 PEPE Technical Analysis: The market has endured a massive dump, falling from previous peaks down toward current levels. Throughout this decline, the price has been rejected twice by a major descending trendline, which continues to act as a significant overhead barrier.

📌 Major Weekly Support Zone:

Historical Demand: PEPE is currently trading in a strong weekly support zone.

Proven Strength: This specific area has already acted as a launchpad three times previously, leading to significant price increases. Buyers have historically defended this floor with high conviction.

Psychological Floor: The current demand zone between 0.00000400 and 0.00000450 is widely considered a "make-or-break" area for the long-term bullish thesis.

📌 Path to a Bullish Reversal: For a macro trend reversal to be confirmed, two critical technical milestones must be achieved:

Hold the Support: The price must successfully maintain its position within the weekly support zone to confirm that the bottom is in.

Trendline Breakout: A decisive weekly close above the descending trendline is required to invalidate the long-term bearish structure.