INFORMATION IS POWER

The PEPE/USDC pair has shown a marked upward trend since April, peaking in June at levels close to 0.00001600 USDC.

However, after this peak, the price has experienced a significant correction, currently sitting at 0.00001188 USDC, with a drop of -7.91% in the last 24 hours.

The market appears to be in a consolidation phase, with a neutral to slightly bearish bias in the medium term.

Key support and resistance levels:

• Immediate support: 0.00001173 USDC, with secondary support at 0.00001000 USDC if broken.

• Immediate resistance: 0.00001293 USDC, with a potential bullish target at 0.00001400 USDC if surpassed.

The chart suggests a possible “double top” pattern near June's peak, indicating bullish exhaustion.

Daily volume, which reached 42.18M USDC in 24 hours, has decreased after the peak, and the SMA Volume reinforces the idea of a pause in the trend.

To confirm a movement, an increase in volume is required.

Price projections:

• Bearish scenario: A break below 0.00001173 USDC could drive the price to 0.00001000 USDC or even 0.00000800 USDC.

• Bullish scenario: A daily close above 0.00001293 USDC with increasing volume would point to 0.00001400 USDC.

I remind you that this is merely informative, what you do with this information is your responsibility. I am just giving my point of view.