🐸 $PEPE
Gearing Up for a Major Breakout?
Technical Signals Point to Explosive Upside Potential! 🚀
After a sharp correction, PEPE appears to be on the verge of a powerful reversal. The weekly chart paints a classic Elliott Wave pattern, with the ABC correction seemingly complete—bottoming out along a multi-year trendline that has historically sparked major rallies.
We may now be entering a new 5-wave impulsive cycle:
✅ Wave (i) initiated the uptrend
🔽 Wave (ii) brought healthy consolidation
🔜 Wave (iii) could target 0.000024 (Fib 0.786)
🔁 Followed by a pullback (iv)
🎯 Final leg (v) may hit 0.00002836, nearly +180% from current levels.
🟢 Key Support: Price recently bounced off a trendline that's held for nearly a year. Staying above 0.00000526 keeps the bullish case intact.
📊 Murrey Math Lines also show PEPE is hovering above a key reversal zone. A breakout above 0.00011920 could open doors to:
Step 1: 0.00014901
Step 2: 0.00023841 – the “Ultimate Resistance” 🚨
💥 Futures Market Heating Up
Despite price silence, PEPE open interest just hit $540M+, the highest in months, suggesting smart money is positioning for a volatility spike.
📌 Caution: A drop below 0.00005256 may invalidate this structure and return PEPE to oversold territory.
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