🚨 PEPE BREAKOUT WATCH – DAILY TIMEFRAME ANALYSIS 🐸📈
Pepe (PEPE/USDT) is painting a textbook inverse head and shoulders pattern on the 1D chart — a classic reversal signal after a prolonged downtrend. The neckline around the 0.00000890 level is being tested now, and a confirmed breakout could ignite a strong bullish move.
The last major rejection zone (highlighted in orange) around 0.00001674–0.00001691 acted as a strong resistance during the previous distribution phase. If PEPE breaks above the green neckline zone with solid volume, we could see a swift move toward the measured target at 0.00001500–0.00001775, a potential 85%+ rally from current levels.
Volume is showing early signs of recovery, hinting at growing interest. If this pattern plays out, momentum traders and breakout chasers might jump in, pushing prices even higher. 🚀
🟩 Key Support: 0.00000750
🟨 Breakout Target Zone: 0.00001400 – 0.00001775
🔴 Invalidation: Break below 0.00000750 on daily close
📌 As always, manage risk wisely and use proper confirmations. Memecoins are volatile, but when the chart aligns with sentiment, things can move fast. 👀💸
Pepe (PEPE/USDT) is painting a textbook inverse head and shoulders pattern on the 1D chart — a classic reversal signal after a prolonged downtrend. The neckline around the 0.00000890 level is being tested now, and a confirmed breakout could ignite a strong bullish move.
The last major rejection zone (highlighted in orange) around 0.00001674–0.00001691 acted as a strong resistance during the previous distribution phase. If PEPE breaks above the green neckline zone with solid volume, we could see a swift move toward the measured target at 0.00001500–0.00001775, a potential 85%+ rally from current levels.
Volume is showing early signs of recovery, hinting at growing interest. If this pattern plays out, momentum traders and breakout chasers might jump in, pushing prices even higher. 🚀
🟩 Key Support: 0.00000750
🟨 Breakout Target Zone: 0.00001400 – 0.00001775
🔴 Invalidation: Break below 0.00000750 on daily close
📌 As always, manage risk wisely and use proper confirmations. Memecoins are volatile, but when the chart aligns with sentiment, things can move fast. 👀💸
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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.
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.