PEPE: Breakout and Retest!

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Now, let’s dive into this chart analysis:

PEPEUSDT has broken out from a descending triangle pattern, suggesting a reversal from the previous bearish trend. The breakout is supported by a retest, and if PEPE maintains the retest level, a bullish rally is likely soon.

Key Observations:

~ Entry Range: $0.00001024 to $0.00001102.
~ Lower Support: $0.00000899.
~ Deviation Range: $0.00000899 to $0.00000991.
~ Moving Averages: The 50EMA stands as resistance for PEPE at $0.00001191.

If the market continues to drop, PEPE is likely to hit the deviation level, followed by a rebound.

DYOR. NFA.

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#PEACE