$PEPE (12H): Will the golden confluence zone hold, or should we expect a deeper drop? 🐸📈
$PEPE is currently retreating toward 0.00000400, where the ascending channel’s lower support converges with the 0.618–0.66 Fibonacci levels and the moving average.
Holding above this level gives buyers a chance to return and target the channel midpoint, followed by resistance at 0.00000497.
Conversely, any confirmed break below 0.00000400 invalidates the bullish structure and activates the downside scenario toward lower demand zones.
#PEPE #CryptoAnalysis #BinanceSquare #TechnicalAnalysis #TradingSetup
$PEPE is currently retreating toward 0.00000400, where the ascending channel’s lower support converges with the 0.618–0.66 Fibonacci levels and the moving average.
Holding above this level gives buyers a chance to return and target the channel midpoint, followed by resistance at 0.00000497.
Conversely, any confirmed break below 0.00000400 invalidates the bullish structure and activates the downside scenario toward lower demand zones.
#PEPE #CryptoAnalysis #BinanceSquare #TechnicalAnalysis #TradingSetup