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$PEPE on the monthly frame – long-term accumulation is still in play, but there's a clear rejection from the supply zone.
(PEPEUSDT – monthly frame)
Coin
$PEPE has been moving within the accumulation zone for 2024 for months. The price attempted to test the main supply zone / breakout target but faced rejection, and now it's settling near 0.00000382. The monthly candlesticks require patience – the movement may take weeks ⏳
Decision Zone Logic (Monthly Close):
🟢 Bullish Signal: Monthly close above 0.00000420 + retest → bullish breakout towards higher targets 📈
🔴 Bearish Signal: Monthly close below 0.00000320 → confirmation of a breakdown from the accumulation zone 📉
🔑 Key Levels (Monthly) 👉
$PEPE 🐸
Resistance / Bullish Signal: 0.00000420
Main Supply Zone (Target): 0.00000450+
Supports: 0.00000382 / 0.00000320 (Accumulation Zone) / 0.00000290
📈 Scenario A — Bullish Breakout (Monthly Confirmation)
If the price closes above 0.00000420
Targets → 0.00000450 → 0.00000500+ 🚀
Scenario Cancellation: Close below 0.00000400
📉 Scenario B — Breakdown and Accumulation Failure
If the price closes below 0.00000320
Targets → 0.00000290 → 0.00000250 ⚠️
Scenario Cancellation: Recovery to 0.00000350
👉 The monthly structure is clear – patience is key 🔑
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