Pepe showed potential for a price bounce to the short-term range highs, and possibly as high as $0.000014 before bears take over again.
was in a consolidation phase over the past twelve days. It has traded above the $0.00001129 support level but was unable to advance past the $0.000014 resistance.On the 12-hour chart, the RSI has slowly trended downward since the 15th of July. At press time, it was at 50.47, showing momentum was neutral.
Together they highlighted PEPE’s consolidation over the past two weeks. The $0.0000113 and $0.0000127 levels marked the extremes of a short-term range.Analyzing the liquidation heatmap of Pepe, AMBCrypto noted that the $0.000014-$0.0000148 zone was densely populated with liquidation levels. This magnetic zone is likely to pull prices toward it.
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