$PEPE / usdt
✅ Bullish Signal Appears
Close above EMA 200 (purple)
This is an important signal because EMA 200 often serves as the boundary for medium-term trends. A strong break + close above it usually indicates the potential structural change from downtrend to a reversal phase / beginning of an uptrend.
Supertrend changes to BUY (green)
This means that in terms of volatility and short to medium-term trend direction, momentum has shifted in favor of buyers.
⚠️ But Be Cautious
Prices are currently retesting the EMA 200 area
The arrow on your chart points to the retest zone. This is a crucial area.
If it holds → bullish continuation.
If it fails and closes back below EMA 200 → fake breakout.
EMA 50 & 100 are still below 200 and have not yet fully golden crossed.
The medium-term structure is not yet fully bullish.
🟢 Bullish Scenario (good probability if it holds above 0.0044–0.00445):
Successful retest of EMA 200
Higher low formed above EMA 200
Next target to resistance 0.0049 – 0.0052
If it breaks through, it could continue to the area 0.0055+
#PEPEBrokeThroughDowntrendLine #PEPEATH #MarketRebound