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📈 PEPE/USDT Technical Analysis – 4H Timeframe
📅 Date: July 6, 2025
#PEPE #CryptoAnalysis #AltcoinSeason #Binance
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🔥 Market Overview: PEPE is showing renewed bullish momentum on the 4-hour chart, currently trading at 0.00001000 USDT, up +2.77% over the last 24 hours. After a period of consolidation, the price has broken back above key short-term moving averages, indicating potential strength and buying interest returning to the market.
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📊 Key Technical Indicators:
Price Level: 0.00001000
24H High/Low: 0.00001020 / 0.00000951
Volume Spike: Notably higher than recent sessions, signaling increasing market participation.
Moving Averages:
MA(7): 0.00000974 – Acting as short-term support.
MA(25): 0.00000988 – Recently crossed above price, could now act as support.
MA(99): 0.00000963 – Long-term support remains intact, further validating bullish potential.
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💹 Recent Price Action:
PEPE formed a local bottom around 0.00000916, where it found strong support.
A solid bullish engulfing candle has now pushed price back up toward resistance at 0.00001015, indicating the bulls are stepping back in.
If PEPE can break and hold above 0.00001020, we could see a quick retest of the previous swing high at 0.00001079.
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📈 Long-Term Outlook:
Bullish Scenario:
If bullish momentum continues and volume stays elevated, we could see PEPE break above 0.00001079, targeting the next resistance zone near 0.00001150. Sustained price action above the 99 MA would further confirm a trend reversal.
Bearish Scenario:
Failure to hold above 0.00000988 could lead to a retest of the support zone around 0.00000944. A breakdown below that may invalidate the current bullish structure#Write2Earn