$PEPE is a chart I think people should be paying attention to. The macro falling wedge began forming in December 2024, nearly TWO YEARS of compression, and PEPE has now broken out of it on significant volume. Zoom in to the 4H and the first pullback after that breakout formed another, much smaller falling wedge. Price has broken that micro structure and is now retesting it while volume continues to contract. Meanwhile, the weekly chart has been building bullish RSI divergence for months as price made lower lows while momentum made higher lows. - Macro wedge breakout - Weekly bullish divergence - Micro wedge breakout + retest If this retest holds, this looks much more like post-breakout consolidation than the end of the move. The next major level I’m watching is 0.00000431, followed by the larger resistance zone above.
Eric Van Tassel (Not a Financial Advisor!)Share


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