📊 ANALYSIS #PEPE /USDT
PEPE is forming a contracting triangle on the weekly timeframe — one of the key formations preceding a strong movement! ⚡️
🔍 What the chart shows:
The price is holding the ascending trend support — a positive sign 🟢
The upper boundary of the triangle acts as resistance
There is a struggle within the Bollinger Bands and below the Ichimoku cloud ☁️
Indicators suggest a potential accumulation phase before a breakout
📈 A breakout above the upper boundary of the triangle could trigger a new impulse, target — around 0.000014–0.000016
📉 A loss of support will lead to a retest of the zone 0.0000075–0.0000083
📌 PEPE — under observation! We are watching for the breakout from the formation — it will determine the next trend.