PEPE Signals Reversal as Analyst Eyes Bids Near Key Range Levels

PEPE rebounds from critical support and flips mid-range resistance into support, signaling a potential bullish reversal.

Price forms higher lows and holds above the $0.000012271 level, with strong wicks showing aggressive buying pressure at lower levels.

Scient eyes bids near range lows as PEPE trades in the upper half of its range, targeting the $0.000016000 resistance with bullish momentum.

$PEPE has shown a clear rebound from critical support, aligning with insights recently shared by analyst Scient. The meme coin trades at $0.000012584, posting a 1.88% gain on the day. Importantly, price bounced strongly from the demand zone between $0.000010723 and $0.000011400. This support level held after a deep pullback, confirming a firm bullish base.

Consequently, buyers reclaimed the mid-range support at $0.000012271. This horizontal level previously acted as resistance, rejecting price attempts multiple times. Its flip into support signals a potential reversal in trend. The rounded bottom pattern forming here further supports this bullish thesis.

Consolidation Break Signals Momentum Shift

The PEPE/USDT 12-hour timeframe on OKX shows a price structure shifting away from recent weakness. Price action now forms higher lows, marking a departure from the earlier downtrend. Moreover, strong candle wicks around $0.000012000 highlight aggressive rejections from lower levels.#MyCOSTrade #BinanceAlphaAlert #MarketRebound #EDGENLiveOnAlpha #SaylorBTCPurchase $SOL $BNB $BTC