RTED Investing / PEPEUSDT potential push to 0.000011

PEPEUSDT recently experienced a false breakout below the support level. Looking at previous price action, a similar pattern emerged where the price moved sideways before eventually breaking through, forming a candle with a long wick that indicated a rejection at that level. After this period of consolidation, the market surged. We're currently seeing a comparable setup: a candle with a long wick that briefly dipped below the support level but quickly recovered. Switching to the monthly timeframe, it's clear that the price swept liquidity below the May low. Given this analysis, it's expected that the price will consolidate for a while before gradually moving upward. The target is the resistance zone around 0.00001100.