PEPE → Pre-break consolidation and retest of MA-200

2024年8月22日

PEPEUSDT is consolidating after a shakeout. Bulls are emphasizing the resistance at 0.00000827. On W1, the coin is consolidating above key support, which is a good sign amid the overall bullish trend.



PEPE is trading above trend support and is not going to go down yet. A decrease in volatility is forming - “consolidation” character of the movement. After retesting the resistance, the price returns to the level for another test, which only increases the chances of a breakout of the area. Consolidation of the price above this area may affect the breakout of MA-200, which will be a confirmation of the readiness to go up. Technically, the zone of interest is 0.00001088 and “ob” in the zone 0.000013.

Resistance levels: 0.00000827
Support levels: 0.000007615

We continue to follow the price. The trend is bullish and there are no preconditions that would lead to a trend change. Technically, I expect an attempt to break the upper boundary of consolidation and further growth to the specified targets.

Regards R. Linda!

2024年8月23日

交易進行

Resistance retest (breakout attempt)

2024年8月24日

交易進行

That's great!
PEPE came out of consolidation and moved into the realization phase