$PEPE /USDT is reacting sharply on the 15m chart, but this move needs context.

Price swept liquidity near 0.00000364 and bounced aggressively, printing a strong impulsive candle straight into the 0.00000385–0.00000401 resistance zone. That area has already proven heavy. The rejection wicks tell you sellers are still defending it. Current price around 0.00000383 is a pause, not a breakout yet.

Structure is mixed short term. Momentum flipped bullish from the lows, but price is now trading directly under MA(99), which often acts as a decision point.

Key levels to watch

Immediate support: 0.00000378 then 0.00000368

Resistance: 0.00000385 and major at 0.00000401

Clean acceptance above 0.00000401 opens expansion toward 0.00000425 and 0.00000450

Failure to hold 0.00000368 risks a full retrace back into the prior range

This is a momentum test, not a free run. Either PEPE builds above resistance and continues, or this move fades into consolidation. Let price confirm before committing.

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