$PEPE
🚨 What’s Happening with PEPE’s Price? 🚨
On the 4-hour chart, PEPE price is trading within a newly forming symmetrical triangle after breaking out of an earlier bullish channel. The recent rejection near $0.00001424 aligns with a horizontal supply band and descending trendline from the May 13 peak. While short-term momentum has cooled, the broader structure remains intact as long as the $0.00001270 support zone holds.
Looking at the daily chart, PEPE is consolidating just below the weekly 50% Fibonacci retracement level around $0.00001448, which acts as a medium-term pivot for directional bias. A decisive close above this level could reignite bullish momentum toward $0.00001775 and $0.00002181, both historical rejection points from late 2024.