$PEPE
Break of Structure (BoS): The price has broken above previous lower highs, indicating a break in the bearish market structure. This is a classic bullish signal, suggesting a possible shift from a bearish to a bullish trend
Market Sentiment
Bullish Momentum: The +14.88% move this week, combined with high volume and a break of structure, suggests bullish sentiment.
Potential Caution: Overbought RSI and proximity to resistance levels may lead to short-term profit-taking or consolidation.
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Bullish Scenario:
If price consolidates above 0.00001174 (previous resistance, now support), it could provide a base for another leg higher, targeting 0.00001541 and beyond.
Bearish Scenario:
Failure to hold above 0.00001174 could see a retest of the 0.00000800–0.00000900 zone.
