$PEPE 🚨🔥🔥 PEPE is a chart I rather think one ought to be keeping an eye on, old chap , The macro falling wedge commenced its formation back in December 2024—nearly TWO YEARS of compression, mind you—and PEPE has now quite splendidly broken out of it on rather significant volume 📢
Zoom in to the four-hour, and the initial pullback following that breakout formed another, altogether smaller falling wedge. Price has smashed right through that micro structure and is presently retesting it while volume continues to contract 👀
Meanwhile, the weekly chart has been quietly building bullish RSI divergence for months on end, as price printed lower lows whilst momentum forged higher lows
Macro wedge breakout ⚡️
Weekly bullish divergence ⚡️
Micro wedge breakout and retest ⚡️
Should this retest hold, this looks far more like proper post-breakout consolidation rather than the end of the rally , The next major target I’m watching is 0.00000422, followed by that rather formidable resistance zone above 📢
#PEPE #Market_Update #pepe