$PEPE Update: Key Levels to Watch 🚨
Pepe is currently priced at 0.00001574. Let’s analyze its key levels and what might come next:
Key Support and Resistance Levels 📊
- 0.00001400 is a crucial support zone:
- It’s the neckline of a double-top pattern on the daily chart.
- If Pepe closes two daily candles below 0.00001400, it could drop further toward 0.00001000.
- A break below 0.00001000 could add another zero, taking the price to 0.00000500.
Bearish Scenario 📉
- Below 0.00001400, the next support is 0.00001000.
- If 0.00001000 breaks, the drop toward 0.00000500 could be slow but steady, given limited historical support in this zone.
Bullish Scenario 📈
- If Pepe holds above 0.00001400, a bounce toward 0.00001700 (previous support-turned-resistance) is possible.
- Above 0.00001700, the next target is 0.00002100, which I’ll cover in a future update if it’s reached.
Final Thoughts 💡
Pepe is at a critical price level, and the next few days will determine whether it bounces back or heads lower. Meme coins are unpredictable, so caution is key.
Let me know if you have any questions or need further analysis.
Not financial advice. Trade wisely.