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](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=1018,h=586,fit=crop/mP4DRvxXEycnaE1Q/3-Y4L4jGrJGQSlRneK.png)
![PEPE chart showing the recent break of the downward trendline and current testing of this resistance](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=328,h=189,fit=crop/mP4DRvxXEycnaE1Q/3-Y4L4jGrJGQSlRneK.png)
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.