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PEPE / TetherUS

PEPE/USDT Breakout Watch: Key Level to Trigger a Bullish Surge

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Key Level Analysis
  • The phrase "if the price closes above this level then" suggests a confirmation level that must be broken for an upward move.
  • The highlighted level seems to be an area of previous support-turned-resistance (around 0.00001150 - 0.00001200 USDT).


If the price closes above this level on the weekly timeframe, it signals:
  1. Breakout confirmation → Likely leading to a strong bullish rally.
  2. Trend reversal → A shift from bearish to bullish structure.
  3. Momentum entry point → A trigger for potential buy positions.


Potential Price Movement

If the weekly close is above the key level:
The price could rally significantly (illustrated by the large blue arrow).
Next resistance levels could be around 0.00001700 - 0.00002200 USDT.

If the price fails to close above the level:
It could mean a continuation of the downtrend.
Retesting lower support areas around 0.00000650 - 0.00000550 USDT.
melikatrader94
👉 My recommended broker: bit.ly/HYMCMELI
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Beyond Technical AnalysispepepepecoinpepelongpepesignalspepeusdPEPEUSDTpepeusdtperpTrend Analysis

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Beyond Technical AnalysispepepepecoinpepelongpepesignalspepeusdPEPEUSDTpepeusdtperpTrend Analysis
melikatrader94
👉 My recommended broker: bit.ly/HYMCMELI
____


Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.