PEPE – Highest Weekly Close in 6 Months: Eyes on New Highs

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PEPE – Highest Weekly Close in 6 Months: Eyes on New HighsPEPEUSDT SPOTBYBIT:PEPEUSDTGoldfinch_songMajor Breakout Level: Last week’s candle closed above the 1W S/R (~0.000013845), marking the highest weekly close in half a year. Bullish Structure: Price reclaimed and closed above a crucial weekly resistance. This flips the structure bullish, increasing odds of continuation. Next Targets: Immediate resistance lies near the 1M S/R (around 0.000020193–0.000020272). Break and close above opens way toward the 1.27–1.618 Fib extensions (0.000029793+). Invalidation: Failure to hold above the 1W S/R and a weekly close back below (~0.000013845) would invalidate the breakout, putting risk back toward mid-range support (0.000009697). The weekly close above key resistance signals strong buyer interest and market acceptance of higher prices, especially after a multi-month consolidation. This “highest close in 6 months” is a classic trend continuation setup. The next natural target is the higher time frame resistance (1M S/R), with Fibs aligning to previous price action. Failure to hold the breakout level would suggest a failed move and likely mean-reversion.