Breaking the Downward Trendline

PEPE has recently broken its downward trendline and is now testing this former resistance as a new support level. This price action suggests a potential shift in market trend and the beginning of an upward movement.

6/5/20241 min read

PEPE chart showing the recent break of the downward trendline and current testing of this resistance
PEPE chart showing the recent break of the downward trendline and current testing of this resistance

PEPE has recently broken its downward trendline and is currently testing this resistance as a new support level. This price action could indicate a shift in market trend and the beginning of an upward movement.