Weekly Chart Outlook: $PEPE
After reaching its all-time high of $0.00002815 in December, $PEPE dropped to a low of $0.000005678 — and has since formed a textbook head-and-shoulders pattern:
🟢 Head at the ATH
🟢 Shoulders near $0.00001700
🟢 Neckline at $0.000005678
🔻 Bearish Scenario:
A breakdown below the neckline could trigger a sharp 80% decline, targeting around $0.000001092 — a level last touched in February of the previous year.
🔼 Bullish Reversal:
However, a decisive breakout above $0.00001700 (right shoulder) would nullify the bearish setup and could spark a move back toward the previous highs.