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🧭 $PEPE Reclaiming Momentum Amid Institutional Catalysts
The price of Pepe ($PEPE) is currently trading at $0.000003774, attempting a short-term structural reversal following a steady period of downside consolidation. On the 1-hour chart, $PEPE has established a clear localized double-bottom setup by successfully defending the major technical support floor at $0.000003696.
Long $PEPE
Entry Zone: $0.000003720 – $0.000003800
Stop Loss (SL): $0.000003580
Target 1 (TP1): $0.000003950
Target 2 (TP2): $0.000004100
Target 3 (TP3): $0.000004250
Market Analysis
$PEPE is showing early signs of a bullish structural shift on the hourly timeframe. After a sharp descent from the local peak near $0.000003942, aggressive buyers stepped in at the $0.000003696 floor to absorb selling pressure, producing an immediate minor bounce back toward the mid-range.
With the current 24-hour high sitting at $0.000003846, the asset needs to print a clean candle close above the immediate overhead liquidity block around $0.000003850. Succeeding here will fully confirm the structural reversal, fueling an expansion back toward the primary target corridors.
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