Technical analysis by Kamrani_fxc about Symbol PEPE: Buy recommendation (5/16/2025)

Timeframe: 1DPublished: May 16, 2025Author: Kamrani.fxc📈 Market Structure OutlookPEPE/USDT is showing early signs of a bullish market structure flip after breaking above a prior swing high and reclaiming the 200-day SMA — a key technical milestone that often signals a trend shift. The current move appears impulsive and has taken price directly into a local resistance zone around 0.00001380, which marks the first major test.Above this zone, there are two additional higher-timeframe supply areas around:🟡 0.00002100🟡 0.00002500These zones align with previous rejection points and may act as future targets or reversal regions.🧭 Volume & MomentumVolume: The rally shows strong relative volume, suggesting legitimate interest and not just a short squeeze.RVOL: Likely exceeding 1.5 — bullish confirmation.CVD (Cumulative Volume Delta): Needs to stay positive to support further upside.Momentum Indicators: RSI is approaching overbought, and traders should monitor for bearish divergence or Stoch-RSI exits in the next few sessions.☁️ Trend ValidationPrice is trading above the 200 SMA, and if Ichimoku’s Chikou Span confirms by holding above price, that will validate the new uptrend.OBV trend should also be watched for alignment with price action.🌍 Macro & Sentiment FiltersMacro conditions appear risk-on, which supports continuation:BTC Dominance ⬇USDT Dominance ⬇TOTAL2 ⬆Final confirmation requires checking:📰 Sentiment Score (positive headlines & narratives)📊 Social Buzz (spike in attention relative to price)💸 Funding Rates (avoid excessive long crowding)✅ SummaryPEPE is staging a notable recovery and showing potential for a broader trend reversal. Traders should watch the current resistance closely and wait for volume + sentiment alignment before entering. With proper confirmation, this could be the start of a strong move toward prior highs.📌 Follow for more data-driven altcoin insights.📩 Drop a comment if you’d like the intraday levels or funding data breakdown.Disclaimer:This is an analysis-based idea and not a trading signal. All trading decisions are solely your responsibility. Please manage your risk accordingly.#PEPE #Crypto #Altcoins #TechnicalAnalysis #TacticalTrading #TradingViewIdeas