PEPE's Bullish Run: Will the Gains Hold? Pepe is riding high on the charts, with a
bullish market structure and no signs of a major dip. The recent bounce in prices has
boosted market sentiments, but will it last?
Despite falling supply and a drop in trading activity, the number of addresses in profit remains healthy. The question is, will this be enough to fuel a rebound or are we in for an
extended consolidation phase?
PEPE has seen gains of 34.9% since its April lows, surpassing key resistance levels. While there's still some resistance ahead, indicators like
higher lows on OBV and RSI crossing the neutral mark hint at bullish momentum.
Short-term market structure may still be bearish, but defending the 61.8% Fibonacci retracement level is a positive sign. If OBV climbs back up, it could be an early indicator of a bullish push.
The next battleground for PEPE lies between $0.000004 and $0.0000084, with liquidation levels at $0.0000065 ready to be swept. Traders need to keep an eye on these levels for potential moves.
Remember, this analysis is not financial advice; it's just one writer's opinion. Stay informed and make your own decisions!
Disclaimer: This information is not financial advice.
