#PEPEBrokeThroughDowntrendLine Pepe just snapped out of its downtrend.
$PEPE finally pushed above that stubborn descending line, which usually means sellers are running out of steam and the mood might be shifting.
When a coin busts through a well-watched downtrend, it’s a classic sign that the tide’s turning. But one thing matters—a real breakout needs real volume. If the move comes on weak volume, there’s a good chance it’s just a fakeout.
Where’s price heading next? Eyes are on those old local highs. If $PEPE climbs back over those, bulls get a green light for more upside.
Check out the momentum, too. If RSI’s cruising above 50, that’s another nod to bullish energy coming in.
If you’re bullish:
- Price dips back to test the old trendline—now as support—and holds.
- We get a higher low.
- Then, $PEPE makes a run for the next resistance zone.
But, if things turn sour:
- The breakout fizzles.
- Price slips under the trendline again.
- Maybe there’s a quick liquidity sweep before anything else happens.
Memecoins like PEPE are wild—volatility works both ways. If momentum sticks, maybe we’re at the start of a relief rally. If not, play it smart: wait for a real signal before jumping in too deep.#PEPEBrokeThroughDowntrendLine #DireCryptomedia #Write2Earrn $USDC $BNB