📊 $1000PEPE
USDT (Perp) — Technical Analysis Update
Price is currently trading around 0.00387, after a strong rejection from the recent high 0.00425.
On the 30m timeframe, PEPE is moving inside a descending channel and has just bounced from the 0.00381 support zone.
🔍 Key Observations:
Higher low formed near support → short-term bullish sign
Price attempting to reclaim the mid-range / resistance zone
Volume slightly increasing on the bounce
🎯 Bullish Scenario: If price holds above 0.00380 and breaks the local resistance, ➡️ Potential upside toward 0.00410 – 0.00425 (marked target zone)
⚠️ Bearish Risk: Failure to hold 0.00380 may lead to another drop toward the lower channel support.
📌 Conclusion: Short-term bounce possible, but confirmation needed with a clean breakout.
Trade with proper risk management.