$PEPE has entered an interesting zone after a healthy pullback, creating an opportunity for bulls to step back in. Following a 7.26% decline from the $0.00001179 high, the token is now consolidating near $0.00001086, with buyers showing signs of defending the lower range.
Current Market Outlook ๐
Price: $0.00001086
Immediate Support: $0.00001077
Immediate Resistance: $0.00001092 โ $0.00001112
Extended Targets: $0.00001133 and $0.00001153
The price is hovering just above a key support at $0.00001077. This zone has historically attracted buyers, and once again, bulls appear to be holding the line to prevent further downside.
Trade Setup ๐
Long Entry Zone: $0.00001085 โ $0.00001092
Target 1 (TP1): $0.00001133
Target 2 (TP2): $0.00001153
Stop Loss (SL): $0.00001077
A breakout above the $0.00001112 resistance level could be the trigger for renewed bullish momentum. If confirmed, price action may quickly revisit $0.00001133 and potentially extend toward $0.00001153.
Technical View ๐ฅ
The recent pullback looks more like a healthy correction rather than a trend reversal. The consistent defense near the $0.00001077โ$0.00001086 range strengthens the case for a continuation of the broader bullish trend. With momentum favoring the upside, #PEPE could soon regain traction and aim for higher resistance zones.
โ Conclusion:
#PEPE is in a pullback phase, but with strong support holding, the setup favors bulls for another upward push. Traders looking for long opportunities may consider entries in the current range, keeping an eye on the breakout above $0.00001112 for confirmation of the next leg higher.
