PEPE Trendline Retest – Reclaim Incoming or Final Rejection?

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.
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