PEPE Faces Key Resistances – Is a -8% Pullback Coming?The PEPE memecoin ( BINANCE:PEPEUSDT ) is currently near the Resistance zone($0.00001392-$0.00001330) and Important Resistance lines . This is the third time that PEPE has attacked the Important Resistance lines .
In terms of Elliott wave theory , it seems that PEPE is completing the microwave 5 of the main wave 3 , so that the main wave 3 is of the extended type .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
I expect a -8% drop for PEPE in the coming hours.
First Target: $0.00001251
Second Target: $0.00001212
Note: Stop Loss(SL)= $0.00001400
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PEPE Analyze (PEPEUSDT), 4-hour time frame.
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