#PEPE is showing a classic technical bounce on the weekly chart 📈🐸
PEPE recently found strong support at the *0.618 Fibonacci retracement level* — one of the most reliable zones for reversals 🔍 This level also lines up perfectly with a key *demand zone*, meaning buyers are stepping in here 👊
If this support *holds*, expect a potential recovery rally targeting:
🎯 *Targets:*
1️⃣ 0.00001400
2️⃣ 0.00002000
3️⃣ 0.00002564 — a major resistance level
💡 Why is this important?
- The 0.618 Fib level is known as the “golden ratio” in trading and often marks strong reversal points
- Demand zones represent areas where buyers historically came in, so confluence makes this support solid
- Weekly charts reflect long-term moves, so this bounce could set up a sustained uptrend rather than a quick pump
⚠️ IfPEPE breaks below this zone, the bullish setup weakens and deeper corrections could happen
*In short:* $PEPE is at a critical turning point. Holders and traders should watch this 0.618 Fib closely — if it holds, a strong comeback is on the horizon! 🚀🐸