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🧭 Momentum recovery amid institutional catalysts
The price of Baby ($PEPE) is currently trading at $0.000003774, attempting to reverse a short-term structure after a stable period of bearish consolidation. On the hourly chart, $PEPE successfully established a clear local double bottom setup by defending a key support at $0.000003696.
Long entry zone $PEPE : $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
shows early signs of a bullish structural shift on the hourly timeframe. After a sharp decline from the local peak near $0.000003942, aggressive buyers stepped in at the 0.000003696 support to absorb selling pressure, resulting in an immediate slight rebound toward the mid-range.
With the 24-hour high reaching $0.000003846, the asset needs to close a clean candle above the immediate upper liquidity zone around $0.000003850. Success here will fully confirm the structural reversal, reinforcing the expansion back toward the main target paths.
$PEPE