On the 
PEPEUSDT 1D chart, price is moving within a broad accumulation zone between 0.000000633 and 0.000000393, an area that has held as support multiple times in the past. The Ichimoku cloud (10, 20, 40, 10) still shows short term bearish momentum, but the repeated defense of this zone suggests that long term buyers may be positioning for a potential reversal. A strong signal for continuation would be a breakout above the last swing high followed by a successful retest of the 0.000000633 level acting as new support. If this scenario plays out and the level is respected, it may confirm a structural shift and offer a solid opportunity for long term gains.
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Disclaimer: This content is for educational and informational purposes only. It does not represent financial advice or a recommendation to buy or sell any financial instrument. Trading involves risk, and you should only trade with money you can afford to lose.
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Trade forex, indices, stocks and metals with up to US$100.000 in company's funding.
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.