PEPE current levels and indicators (4h)
2024-12-03

BINANCE:PEPEUSDT   had an amazing rise the past weeks, now it's consolidating since around the 13th of november and building a -as it seems - massive bull flag in the 4h timeframe. it bounces roughly between the VAH and VAL since the big move upwards to 2600 and sits currently at 2038.

the 50% fib level is a t2168 and within the bull flag, outside of it is 78.6 fib at 2422 and way above the 161.8 at 3137. 

PEPE currently sits at the POC and place with highest volume. an attempt to break the 50% and push outside the bull flag is mandatory for it to go further in time. it already broke down the trendline which was established since it's rise at the beginning of november which flipped to resistance after an attempt to break above on the 1st december. 

as long as PEPE doesn't fall bellow the VAL, I don't see a risk of it falling lower and out of the bull flag which is forming.  I assume it'll push above 50 towards the 78.6, retest the bullflag and then send it to 161.8 in the next weeks until 2025. but we'll see, altho given the current altseason sentiment, it's fairly certain that it'll go higher.