PEPE Market Analysis – May 13, 2025
Current Price: 0.00001353
Trend: Consolidation below key resistance
Recent Action:
PEPE recently made a significant move from the support level at 0.00001000, reaching a high of 0.00001469, just shy of the key resistance at 0.00001475. However, this move was marked by wicks, not candle bodies, indicating rejection at that level.
Key Resistance:
0.00001475 — Needs 2 daily candle closings with body above to confirm a breakout.
Support Levels:
0.00001000 — Psychological and structural support zone. If broken, it could lead to a steep retracement.
Bullish Scenario (Breakout):
If PEPE closes two daily candles above 0.00001475, the next target is 0.00002000 — a potential 100% gain from support.
Bearish Scenario (Failure to hold):
If unable to hold above 0.00001475, and breaks below 0.00001000, expect deeper correction and weakening bullish momentum.
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Trade Setup:
Entry (Aggressive): 0.00001350
Entry (Safer after breakout): 0.00001480 (confirmation above resistance)
Target 1: 0.00001475
Target 2: 0.00002000
Stop-Loss: 0.00000980 (below support zone)
Risk/Reward: Strong risk management required due to high volatility and deep retracement potential.
