PEPE/USDT Could PEPE Bounce and Break out the pattern ??💎 PEPE's market activity has recently garnered significant interest. Presently, PEPE finds itself in a key demand area within a descending channel pattern. Historically, this area has demonstrated strength, typically resulting in a bounce upon contact.
💎 Should PEPE successfully rebound the immediate target lies at the descending channel's resistance trendline. A breakout above this trendline could facilitate a smoother upward journey, probability leading PEPE back to a substantial resistance level.
💎 However, if PEPE struggles to maintain its position within this demand zone and breaks below it, a bearish scenario might unfold. In such a case, PEPE could embark on a downward trajectory, with the Bullish OB area becoming the next critical juncture.
💎 The Bullish OB area holds significant importance — PEPE must bounce back and reclaim levels above the demand zone to resume its upward trend. Failure to do so could result in a continued descent, potentially leading PEPE to even lower levels.
