#PEPE Bulls Ready for a Momentum Shift? Key Levels to Monitor
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Yello Paradisers! Is #PEPE about to break out of this falling wedge, or will the bears drag it lower? Here's why the next move could be game-changing for #PEPEUSD:
💎#PEPEUSDT has been trapped inside a falling wedge formation, steadily rejecting off its descending resistance. This pattern is historically bullish, but a breakout confirmation is still needed. Currently, PEPE is hovering near a key support zone between $0.0000060 and $0.000012, where buyers have previously stepped in.
💎A bullish divergence is forming on the histogram, signaling a potential shift in momentum. But for bulls to take control, PEPE must break above the descending resistance and reclaim $0.0000152 as support. If this level is cleared, we could see an explosive rally toward $0.000030, where strong selling pressure is expected.
💎However, if #PEPE fails to hold the $0.0000060 - $0.000012 support range, the bullish setup could get invalidated. A breakdown below this zone would expose lower levels and increase downside risk, potentially leading to a deeper sell-off.
The next few weeks will be crucial—will the bulls step up, or will PEPE break below and give the bears full control? Be patient and trade smart, Paradisers!