$1000PEPE Observations:

Recent Trend: The price peaked at 0.0163464 and then declined steadily to the current level around 0.0094648.

Previous Support: Around 0.0057046.

Current Behavior: After a significant downtrend, the price seems to be consolidating around 0.0094648.

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Possible Upcoming Pattern (Technical Outlook):

Based on the shape and behavior, this chart may be forming one of the following:

1. Bearish Continuation (Descending Triangle or Downtrend Channel)

The price is making lower highs and testing a relatively flat support area.

If it fails to break above resistance and continues making lower highs, it might break down further.

2. Potential Reversal (Double Bottom or Accumulation Phase)

If the current consolidation holds and the price fails to go lower, this could signal a double bottom or accumulation phase, suggesting a reversal.

Watch for a breakout above recent highs around 0.0121961 for bullish confirmation.

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Key Levels to Watch:

Support: 0.0090 and 0.0075

Resistance: 0.0122 and 0.0145

Scenario 1: Bearish Continuation

If the price fails to break above the 0.0122 resistance and breaks below 0.0090, the trend is likely to continue downward.

Short-term Target: 0.0075 (next support)

Extended Downside: 0.0057 (historical low)

🟠 This is likely if:

Volume dries up

No bullish catalyst (e.g. news, BTC rally)

Breakout from the descending pattern to the downside

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✅ Scenario 2: Bullish Reversal

If the price holds above 0.0090 and breaks out above 0.0122, it could trigger a new upward leg.

Short-term Target: 0.0145

Mid-term Target: 0.0163 (previous high)

Potential Extension: 0.018–0.020 (if bullish momentum returns)

🟢 This is likely if:

Market sentiment shifts bullish

Strong volume on breakout

BTC/ETH are also bullish (altcoins often follow)

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🔍 Probability Estimate (Based on Chart Only):

Bearish Continuation: 60%

Bullish Reversal: 40%