📉 Weekly Chart Breakdown – $PEPE at a Crossroads
After hitting its all-time high of $0.00002815 in December, $PEPE retraced sharply to a low of $0.000005678. Since then, the chart has carved out a head-and-shoulders pattern — with the peak forming the head and both shoulders aligning around $0.00001700. The neckline sits firmly at $0.000005678.
🔻 Bearish Scenario:
If $PEPE breaks below this neckline, it could trigger a steep drop — potentially sliding 80% lower toward $0.000001092, a level not seen since February of last year.
🚀 Bullish Reversal Watch:
On the flip side, a strong move above the right shoulder at $0.00001700 would invalidate the bearish setup, possibly paving the way for a rally back toward previous highs.