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📊 $PEPE Price Analysis (4H): Key Levels to Watch
$PEPE is currently trading around $0.00001183, navigating between a long-term descending trendline resistance and a well-established major support zone.
Trendline Resistance: The downtrend line, which has capped price action since late 2024, remains a key hurdle for bulls.
Major Support Zone: Around $0.00000050, this area has acted as a strong floor multiple times, preventing deeper declines.
What to watch:
A breakout above the descending trendline could signal a shift in momentum, with potential upside toward $0.00001500 – $0.00002000.
Failure to break higher might lead to another test of lower support zones.
For now, the market is in a consolidation phase, and the next move will likely depend on whether bulls can reclaim trendline resistance.
