Technical analysis by Lingrid about Symbol PEPE: Buy recommendation (7/2/2025)

PEPEUSDT is forming a potential reversal setup after rebounding from the 0.00000876 support within a well-defined downward channel. Price action shows signs of accumulation with a right shoulder (RS) formation and a potential breakout brewing above the descending blue trendline. A clean push toward the 0.00001125 resistance would confirm the pattern and may trigger further upside toward the red trendline.📈 Key LevelsBuy zone: 0.00000876–0.00000900Sell trigger: failure below 0.00000876Target: 0.00001125Buy trigger: breakout and retest of 0.00000960–0.00000980💡 RisksStrong resistance from downward channel could limit upsideBreakout failure may trap buyers near 0.00000980Low liquidity increases volatility risk near major levelsIf this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!