Yello, Paradisers! Are you ready for what could be the breakout #PEPE bulls have been waiting for since February?
💎After a long, painful downside grind, PEPE is finally shaping up for a potential bullish reversal. The price action has entered an ascending triangle, often a reliable pattern that hints at an incoming breakout. This setup is now flashing signals that momentum is shifting but it all hinges on one critical zone.
💎#PEPEUSDT is currently eyeing the $0.0000088 – $0.0000090 region, a heavy resistance that’s proven itself multiple times since February 24th. Bulls have failed to conquer this level on several occasions, and now, the 12-hour EMA-200 is also sitting in this area, a dynamic resistance reinforcing this as a crucial inflection point.
💎If the bulls can finally break through $0.0000090 with clear volume confirmation, PEPE could open up upside potential towards $0.00001135. This level is likely to attract some short-term profit-taking, but if momentum holds, we could see a push towards the much stronger $0.00001400 – $0.00001490 zone. This region lines up with a multi-point confluence, including a significant horizontal resistance and the 38.20% Fibonacci retracement level — both strong technical barriers that may define the next major move.
💎Support is also well-defined for now. The 12-hour EMA-50 is acting as dynamic support and currently sits around the $0.00000720 level. PEPE has been respecting this level well, and any temporary pullbacks may bounce from here. Below this, the $0.00000650 – $0.00000570 range remains the key support zone. This zone held firm during the last dips and is likely to absorb any upcoming selling pressure if the breakout fails short-term.
Paradisers, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
