📊 $PEPE /USDT — 1H Chart Analysis 🐸
PEPE is cooling off after a sharp impulse move, now trading in a short-term correction phase.
🔍 What the chart shows:
Strong pump from 0.0000058 → 0.0000069, followed by profit-taking
Price currently below MA(7) & MA(25) → short-term pressure
MA(99) near 0.0000060 acting as key higher-timeframe support
Volume declining → selling pressure is easing
📈 Bullish Reversal Scenario
Hold above 0.0000061–0.0000062
Break & reclaim 0.0000065
Upside targets: 0.0000068 → 0.0000070
📉 Bearish Continuation
Loss of 0.0000061
Pullback toward 0.0000059–0.0000058
Structure weakens below 0.0000058
💡 Summary PEPE is in a post-pump consolidation. Momentum traders should wait for either a clear reclaim or a support bounce before acting.
⚠️ Meme coins = high volatility. Trade carefully. Not financial advice.
#PEPEUSDT #MemeCoins #CryptoAnalysis #BinanceSquare #priceaction $PEPE
