Technical analysis by TradeSmart-2 about Symbol PEPE on 4/14/2025

Trend & PatternDowntrend: Since mid-December 2024, the price has been in a downtrend, as shown by the falling trendline.Potential Reversal: A breakout from the descending trendline seems to have occurred recently (early April 2025), suggesting a potential trend reversal. Key LevelsSupport Zone: Around 0.00000580 USDT, where price has previously bounced multiple times (strong demand zone).Resistance Zones:0.00000850 – 0.00001000 USDT: First major resistance area, also near the 200 EMA (~0.00001098).0.00001300 – 0.00001500 USDT: Next resistance if the price manages to break above 0.00001098.0.00001717 USDT: Final target shown on the chart (upper resistance). Indicators200 EMA (Blue Line): Currently above the price (~0.00001098), acting as dynamic resistance. A breakout above this would confirm bullish momentum.Potential ScenariosBullish Case (as drawn):Price breaks above the current level and retests the breakout area (~0.00000850).Continues to climb toward the 200 EMA (~0.00001098).If that breaks, the price could move toward the 0.00001300–0.00001500 region and possibly to 0.00001717.Bearish Rejection:If rejected at resistance (~0.00000850 or 0.00001098), price may fall back to the support region around 0.00000580. ConclusionThe chart suggests a bullish breakout scenario is in play.A close above 0.00000850 would be a good bullish confirmation.Watch 0.00001098 (200 EMA) closely—if broken, the uptrend may gain strong momentum.