PEPE/USDT Breakout Watch: Key Level to Trigger a Bullish Surge

Key Level Analysis

• The phrase "if the price closes above this level then" suggests a confirmation level that must be broken for an upward move.
  
• The highlighted level seems to be an area of previous support-turned-resistance (around 0.00001150 - 0.00001200 USDT).
  

If the price closes above this level on the weekly timeframe, it signals:

1. Breakout confirmation → Likely leading to a strong bullish rally.
   
2. Trend reversal → A shift from bearish to bullish structure.
   
3. Momentum entry point → A trigger for potential buy positions.
   

Potential Price Movement

If the weekly close is above the key level:
The price could rally significantly (illustrated by the large blue arrow).
Next resistance levels could be around 0.00001700 - 0.00002200 USDT.

If the price fails to close above the level:
It could mean a continuation of the downtrend.
Retesting lower support areas around 0.00000650 - 0.00000550 USDT.