#PEPE What is Happening with the Price of PEPE? Bulls Push from the Support Zone 🚨
The price action of PEPE on the 4-hour chart shows a clean bounce from the demand block of $0.00000760–$0.00000790, an area that has historically supported accumulation. Today's upward movement marks a breakout from the recent pattern of lower highs, with the price now aiming at the resistance of the downtrend at $0.00000835 and potentially $0.00000888.
This bullish movement comes after a two-week range consolidation period, and traders are now watching for a possible change in market structure. If PEPE closes above the trendline and horizontal resistance, the upward targets of $0.00000952 and $0.00001080 could come back into play.
On the daily chart, the price is pressing towards the middle Bollinger band ($0.00000840), and further expansion above this level would confirm bullish control.
