$1000PEPE

Hey Square fam! 👋 PEPE/USDT is buzzing again—testing that key trendline. Let’s unpack what could be a dramatic retest or a brilliant breakout. Ready to hop in? Let’s go!

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📉 Current Snapshot

Price: ~$0.00001244 USDT

24‑hr change: –3.1%

0-4Market Cap: ~$5.2 billion; Volume: ~$1.8 billion  

Technicals:

593-01‑week view: Strong buy; 1‑month: buy  

693-0Oscillators: Mixed—some overbought signals but overall neutral to bullish momentum  

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🔍 Chart Insight: Trendline Showdown

821-0PEPE is tapping a downtrend resistance line, hinting the broader bearish trend might still be in play   .

1014-0However, there's chatter about a bullish reversal—especially if PEPE can close above the broken descending channel, supported by rising volume   .

1190-0DYOR scans spotted bullish SMA/EMA crosses and doji patterns—but also some overbought StochRSI readings   .

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🎯 Key Levels to Watch

1318-0Support zone: ~0.00001000–0.00001076 — previously bounced 3x from here  

1467-0Resistance to test: ~0.000012 – the trendline level. A clean break retested could hint at ~+22–60% upside  

1616-0Bear case: If it fails here? Could retest $0.0000079 or slide to support zone again   .

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🌍 PEPE in the Meme-Coin Ecosystem

1743-0Rooted in meme culture from 2023, PEPE remains one of the top memecoins—alongside DOGE and SHIB—with a massive 420 T token supply   .

1963-0Built on Ethereum, it’s purely speculative—community-driven hype fuels the market more than fundamentals   .

2104-0It offers virtually no utility—just memetastic flavor   .

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🔥 Square Chef’s Trade Ideas

1. **🛑 Bounce Trade:** If PEPE holds around 0.0000100–0.0000108 and shows bullish candlesticks, consider a long with tight stops.

2. 2196-1**📈 Breakout Watch:** Wait for a candle to reclaim ~0.000012 and retest—targeting around 0.0000135+ (~+20%)   .

3. **⚠️ Rejection Plan:** If it’s rejected at resistance, watch for possible drop back to 0.0000079–0.0000100.

4. Volume Matters: Look for rising volume on both break and retest—proof of real buyer interest.

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📅 Scenario Recap

Scenario Trigger Expectation

Bullish Reclaim Above $0.000012 + successful retest 2514-3Potential +20–60% move (to ~$0.0000135+)  

Rejection & Drop Fails at trendline/resistance Could revisit $0.000008–0.000010 support  

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🌟 Final Serving

PEPE’s at a make‑or‑break moment—either testing the trendline for a bullish rebound, or slipping back into deeper correction territory. For traders who love meme energy and volatility, this zone could signal a thrilling entry or a cautionary retreat.

Let’s keep it respectful, interactive, and fun—just like Binance Square should be. Share your views below—whether you’re leaning bullish 🟢, considering a breakout play, or guarding against downside!

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