PEPE is reaching a solid level presented in green rectangle.
I believe this level will attract investors for the following reasons :
Technicals :
PEPE reached a solid support level presented in green line.
Price action :
- Recent correction of -35% wich is very high compared to the BTC correction.
Beyond technicals :
- Very strong community
- Meme coin had it's bullish time and reached very high fomo levels. I think the next bullish wave will be limited to the red box I present in the chart.
Market sentiment :
The investors will dump their coins as well as the bullish move will come. The are now sitting on enormous amount of profits.
Recap :
- Risks : bad news , whales dumping , ...
- Main Target : +71%
I believe this level will attract investors for the following reasons :
Technicals :
PEPE reached a solid support level presented in green line.
Price action :
- Recent correction of -35% wich is very high compared to the BTC correction.
Beyond technicals :
- Very strong community
- Meme coin had it's bullish time and reached very high fomo levels. I think the next bullish wave will be limited to the red box I present in the chart.
Market sentiment :
The investors will dump their coins as well as the bullish move will come. The are now sitting on enormous amount of profits.
Recap :
- Risks : bad news , whales dumping , ...
- Main Target : +71%
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.