🐸 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.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.