PEPE is showing signs of a potential major trend reversal 🐸
After nearly two years of downward price action, an interesting bump-and-run reversal pattern is developing on the 3D chart.
🟢 Breakout above the long-term descending trendline.
🟢 Reclaiming the moving average ribbon.
🟢 Forming higher lows as bullish momentum returns.
Market capitalization is now approaching $2.1B, with the next major resistance around $2.8B.
A successful breakout and retest would strengthen the reversal thesis, potentially opening the door to $4.2B.
It’s still early, but this is one of the most interesting higher-timeframe patterns developing in the memecoin sector.
$PEPE
After nearly two years of downward price action, an interesting bump-and-run reversal pattern is developing on the 3D chart.
🟢 Breakout above the long-term descending trendline.
🟢 Reclaiming the moving average ribbon.
🟢 Forming higher lows as bullish momentum returns.
Market capitalization is now approaching $2.1B, with the next major resistance around $2.8B.
A successful breakout and retest would strengthen the reversal thesis, potentially opening the door to $4.2B.
It’s still early, but this is one of the most interesting higher-timeframe patterns developing in the memecoin sector.
$PEPE
