Current Market Structure:
Price at time of analysis: ~0.00000729 USDT.
The market had a sharp drop, consolidated, and now appears to have bounced from support near 0.00000580.
Price is forming a potential bullish reversal and has broken above a falling wedge, which is typically a bullish pattern.
📈 Trend Channels and Support/Resistance:
The chart uses parallel channels to identify market direction. PEPE seems to be respecting an upward trend channel.
Key support/resistance levels:
Support: 0.00000580, 0.00000359
Resistance: 0.00001717, 0.00002834
Target zone: Around 0.00016000 (as marked on the chart)
📊 Projection (Light Blue Path):
The light blue projection shows a bullish scenario:
Gradual growth till mid-2025
Strong breakout afterward toward 0.00016000
This would imply a massive rally — potentially more than 20x from current levels.
🧠 Conclusion / Sentiment:
The overall bias based on this chart is bullish.
Ideal entries may have been around the wedge breakout (around 0.00000580).
Conservative traders might wait for confirmation above 0.00000900 (near resistance).
Long-term target: 0.00016000, but expect pullbacks and consolidations along the way.
Price at time of analysis: ~0.00000729 USDT.
The market had a sharp drop, consolidated, and now appears to have bounced from support near 0.00000580.
Price is forming a potential bullish reversal and has broken above a falling wedge, which is typically a bullish pattern.
📈 Trend Channels and Support/Resistance:
The chart uses parallel channels to identify market direction. PEPE seems to be respecting an upward trend channel.
Key support/resistance levels:
Support: 0.00000580, 0.00000359
Resistance: 0.00001717, 0.00002834
Target zone: Around 0.00016000 (as marked on the chart)
📊 Projection (Light Blue Path):
The light blue projection shows a bullish scenario:
Gradual growth till mid-2025
Strong breakout afterward toward 0.00016000
This would imply a massive rally — potentially more than 20x from current levels.
🧠 Conclusion / Sentiment:
The overall bias based on this chart is bullish.
Ideal entries may have been around the wedge breakout (around 0.00000580).
Conservative traders might wait for confirmation above 0.00000900 (near resistance).
Long-term target: 0.00016000, but expect pullbacks and consolidations along the way.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.