TEKT0NIC

$PEPE – Trendline Break Signals Deeper Pullback Risk

$PEPE is currently trading around 0.00000066 USDT on the weekly chart, and the recent price action shows a clear break below the ascending trendline that had been supporting the uptrend since early 2023. This breakdown shifts the bias toward bearish, especially as price now sits beneath multiple resistance zones.

The chart highlights several horizontal support and resistance blocks, with price currently hovering just above a key support area. If this zone fails to hold, the next downside target could be the lower support region near 0.00000045, which aligns with previous accumulation levels.

The downward arrow on the chart suggests that sellers are in control for now, and unless price reclaims the broken trendline and closes above the mid-range resistance, the structure favors continued weakness.

This setup reflects a trendline failure with layered support zones, and traders should monitor for signs of stabilization or further breakdown before positioning.

#PEPE #Macro Insights# #Altcoin Season# #Bullish