$PEPE DAILY ANALYSIS
$PEPE/USDT shows a current consolidation trend in its short-term charts, suggesting potential for significant price movements.
Trend Analysis (Daily and 4h):
After a period of retracement, $PEPE found support around $0.00001262 and has been trading in a tight sideways range. This price compression, often observed in volatile assets like meme coins, indicates that selling pressure is waning and that the asset is accumulating energy for a possible breakout. Trading volume is drying up during this consolidation phase, which is a classic sign that the market is preparing for an "eruption."
The trading setups for the 4-hour chart indicate an ideal entry zone between $0.00001370 and $0.00001390. Short and medium-term targets are set at TP1: 0.00001450, TP2: 0.00001530, and TP3: 0.00001650, with a stop-loss at $0.00001310 to manage risk. Daily indicators, such as RSI ranging between 43.76 and 53.89, suggest that the asset has room to rise without being overbought.
Reference to the Double Bottom on the Weekly Chart and Long-Term Goals:
The weekly chart in the provided images shows a "strong double bottom structure" on the weekly chart, which is a crucial point. A double bottom is a powerful bullish reversal pattern, indicating a shift in the long-term trend from bearish to bullish. If confirmed, this pattern could drive the coin to significantly higher levels.
Based on the potential formation of a weekly double bottom, the long-term goals for $PEPE are ambitious:
* Goal 1 (Long Term): 0.00001872
* Goal 2 (Long Term): 0.00002745
These long-term goals, along with the current analysis of the consolidation trend, indicate considerable appreciation potential for $PEPE, should the breakout occur as expected and the double bottom pattern materializes.
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