🐸 PEPEUSDT – Breakdown of Ascending Channel & Potential Drop to Key Support
📉 Timeframe: 1D
🗓️ Date: July 9, 2025
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🧠 Technical Overview:
After several weeks of consolidation within a short-term ascending channel, PEPE has reached a key resistance zone and is showing signs of bullish exhaustion. Volume divergence and failure to break resistance with strong momentum are increasing the probability of a bearish breakdown.
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📌 Key Levels:
✅ Major Resistance: 0.00001150 – 0.00001200
🟡 Mid-Term Support: 0.00000929 (currently being tested)
🔴 Critical Support: 0.00000597 – a historical low with strong previous reactions
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📊 RSI Insight:
The RSI is currently hovering in the neutral zone (45–55).
A failure to push above the 60 level could signal continued bearish pressure.
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💡 Trade Idea (Short Setup):
If price confirms a breakdown below 0.00000929:
Short Entry: Below 0.00000900
Target 1: 0.00000780
Target 2: 0.00000597
Stop Loss: Above 0.00001100 or invalidation of the channel breakdown
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⚠️ Disclaimer:
This is a technical analysis-based outlook and not financial advice. Always apply proper risk management and stick to your stop loss.
📉 Timeframe: 1D
🗓️ Date: July 9, 2025
---
🧠 Technical Overview:
After several weeks of consolidation within a short-term ascending channel, PEPE has reached a key resistance zone and is showing signs of bullish exhaustion. Volume divergence and failure to break resistance with strong momentum are increasing the probability of a bearish breakdown.
---
📌 Key Levels:
✅ Major Resistance: 0.00001150 – 0.00001200
🟡 Mid-Term Support: 0.00000929 (currently being tested)
🔴 Critical Support: 0.00000597 – a historical low with strong previous reactions
---
📊 RSI Insight:
The RSI is currently hovering in the neutral zone (45–55).
A failure to push above the 60 level could signal continued bearish pressure.
---
💡 Trade Idea (Short Setup):
If price confirms a breakdown below 0.00000929:
Short Entry: Below 0.00000900
Target 1: 0.00000780
Target 2: 0.00000597
Stop Loss: Above 0.00001100 or invalidation of the channel breakdown
---
⚠️ Disclaimer:
This is a technical analysis-based outlook and not financial advice. Always apply proper risk management and stick to your stop loss.
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.
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.