Pepe is testing crucial support levels as it trades near $0.00000822, confirming the bearish momentum highlighted by multiple Breaks of Structure (BOS) below $0.00000900.
PEPE’s multiple Breaks of Structure confirmed bearish momentum, while the liquidity sweep signaled $0.00000800 as a potential bounce zone.is testing crucial support levels as it trades around $0.00000822. This confirmed the bearish momentum highlighted by multiple Breaks of Structure below $0.00000900.
If PEPE can reclaim levels between $0.000009 and $0.00001, it could signal a possible shift in sentiment from bearish to bullish. This scenario could reinforce the current bearish trend, making it essential for investors to watch for sustained closures below current support as a sign of continued market weakness.Despite the bearishness, PEPE showed signs of stabilization following a tumultuous two-day spike in total liquidations. Data indicated significant cooling off, with both short and long-position liquidations decreasing sharply.
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