Pepe ($PEPE) is currently trading at 0.92e-5, with traders closely watching the 0.12e-4 resistance level for signs of a breakout. According to a TradingView chart shared by ChandlerCharts, the token's price structures and Fibonacci retracement levels suggest it may be entering a consolidation phase similar to previous cycles.
Analysts indicate that a successful breakout above the 0.12e-4 level could potentially lead to a rally, pushing Pepe towards its previous all-time highs of 0.22e-4 and 0.3e-4. This development is being closely monitored by traders as they assess the token's next move.
Pepe ($PEPE) Holds Steady as Traders Eye Key Resistance Level
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