📈 PEPE Coin Technical Analysis – Trend or Trap? 🐸
The recent price movement of $PEPE has caught the attention of traders again, but what do the charts really say? Let’s break down the technicals based on multi-timeframe chart analysis:
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### 🔹 1. Strong Ascending Channel Forming
* PEPE appears to be respecting a well-formed ascending channel, offering both swing highs and pullback opportunities.
* Price is consistently bouncing off trendline supports, which shows bullish structure in the short to mid-term.
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### 🔹 2. Volume Analysis
* Volume is decreasing slightly on each rise, suggesting a bit of caution.
* A volume breakout will be critical to confirm any major bullish move.
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### 🔹 3. Resistance Zones
* Key Resistance spotted near 0.0000145 and 0.0000170 zones. These levels have acted as reversal points in previous rallies.
* A break above these levels with volume could trigger a parabolic move.
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### 🔹 4. Support Zones
* Strong base near 0.0000102–0.0000105 region, holding well on multiple dips.
* As long as this support zone remains intact, the bullish momentum stays valid.
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### 🔹 5. Indicators Outlook
* RSI is neutral-to-bullish (\~55–60), suggesting there’s still room to run before hitting overbought territory.
* MACD is showing a slow crossover, which could indicate a new bullish leg forming.
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### 🔹 What’s Next for PEPE?
If bulls manage to maintain momentum and break key resistances, we could see:
* Short-Term Target: 0.0000178
* Mid-Term Target: 0.0000200+
* Stop loss: Below 0.0000098 (depending on your risk profile)
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### 🧠 Final Thoughts
PEPE is more than a meme — it’s becoming a trader’s playground. With a disciplined entry and risk management plan, this could be a worthwhile setup to watch.
📌 DYOR – This is not financial advice.
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