⚠️ The coin $PEPE breaks the ascending line and is preparing for a corrective bearish wave
🔴 Technical direction: Clear sell rejection from the resistance zone that used to be a support zone, followed by a downward break of the green ascending trendline
📍 Monitoring zone: 0.00000356 – 0.00000360
🎯 Corrective price targets:
• Target 1: 0.00000348
• Target 2: 0.00000345
• Target 3: 0.00000341
❌ Invalidation of the scenario: A 15-minute candle close above 0.00000364
💡 Technical rationale: Price failed to break through the resistance zone highlighted in green to reach a slanted peak coinciding with a drop in the momentum indicator, resulting in a clear break of the green ascending trendline and the fast moving average band. Although the overall buy bias on the indicator remains neutral/bullish, the momentary trend break confirms sellers’ control.
🔴 Technical direction: Clear sell rejection from the resistance zone that used to be a support zone, followed by a downward break of the green ascending trendline
📍 Monitoring zone: 0.00000356 – 0.00000360
🎯 Corrective price targets:
• Target 1: 0.00000348
• Target 2: 0.00000345
• Target 3: 0.00000341
❌ Invalidation of the scenario: A 15-minute candle close above 0.00000364
💡 Technical rationale: Price failed to break through the resistance zone highlighted in green to reach a slanted peak coinciding with a drop in the momentum indicator, resulting in a clear break of the green ascending trendline and the fast moving average band. Although the overall buy bias on the indicator remains neutral/bullish, the momentary trend break confirms sellers’ control.
