PEPE is testing a major descending trendline that has capped price action since early April. After a strong breakout push, price is now consolidating directly under this resistance — inside a tight decision zone.
We’re watching for one of two outcomes:
A reclaim of the trendline + confirmation = potential continuation toward 0.00001350+
A rejection from this level could signal another leg down, continuing the macro bearish trend
🧠 Note: Stoch RSI is reset, hinting that bulls could make another attempt.
📍 Key Levels:
🔼 Reclaim above 0.00001317 = bullish breakout
🔽 Breakdown below 0.00001200 = rejection confirmed
This level will define the next major move.
#PEPE #PEPEUSDT #TrendlineTest #CryptoBreakout #ReclaimSetup #AltcoinWatch #QuantTradingPro #TradingView
We’re watching for one of two outcomes:
A reclaim of the trendline + confirmation = potential continuation toward 0.00001350+
A rejection from this level could signal another leg down, continuing the macro bearish trend
🧠 Note: Stoch RSI is reset, hinting that bulls could make another attempt.
📍 Key Levels:
🔼 Reclaim above 0.00001317 = bullish breakout
🔽 Breakdown below 0.00001200 = rejection confirmed
This level will define the next major move.
#PEPE #PEPEUSDT #TrendlineTest #CryptoBreakout #ReclaimSetup #AltcoinWatch #QuantTradingPro #TradingView
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Try our strategy optimizer at quanttradingpro.com
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.