$PEPE is showing early signs of reversal after breaking out of a descending trendline, currently trading around $0.00000510. Price is holding above the breakout level, and the structure suggests a potential move toward the $0.00000719 target zone.
🔍 Technical Breakdown
Trend: Bearish-to-neutral, now shifting bullish post-breakout.
Support Zone: $0.00000450–$0.00000475 — key level that held firm and triggered the breakout.
Resistance Target: $0.00000719 — next upside level if momentum continues.
📈 Bullish Scenario
A successful retest of the breakout zone could trigger a move toward $0.00000650–$0.00000719.
Watch for volume confirmation and bullish candles (e.g., hammer, engulfing) to validate strength.
⚠ Bearish Risk
If price fails to hold above $0.00000500, expect a pullback toward the support zone.
Breakdown below $0.00000450 would invalidate the bullish setup and shift momentum.
#PEPE is at a turning point. The breakout is promising, but confirmation is key. Traders should monitor retest behavior and volume cues to gauge momentum.