Analysis of $PEPE in a 30-minute timeframe using Elliott waves. This is purely technical and subjective; the #CRİPTO are 100% speculative. There is no magic indicator, exact pattern, or foolproof rule. Let's take it step by step. 1/5
You against the market without promises. 📊
1. #pepe has shown a strong bullish momentum in the last hours, with gains of +30% today (Jan 2, 2026). In the 30-minute chart, it seems to be completing an impulsive Elliott wave pattern (5 waves) in a larger bullish trend.
2. Identified waves: Wave 1 (Initial rise), Wave 2 (Slight correction), Wave 3 (Stronger and extended, breaking resistances), Wave 4 (Lateral retracement with key support), and now in Wave 5 (final impulse towards new highs).
3. Next possible movement: After Wave 5, we expect an ABC correction to digest gains and continue the uptrend. [A] (corrective drop ~38-50% #Fibonacci ) [B] (partial bounce), [C] (final drop to support). This would clean up the excess of buyers and prepare for new highs. 📊🚀
4. Key levels: Support at 0.000520 (Fibo 0.618 of impulse), Resistance at 0.000600 (wave extension).
5. If ABC respects bullish target supports post-correction: 0.000500+Volume confirms momentum, but monitor for correlation.
🐸 Remember: Elliott is a tool, not a crystal ball. There are no exact patterns in memes; win with patience, consistency, and timing. If it breaks the bearish structure, it invalidates the setup. 📉📈