PEPE has a bearish market structure on the 4-hour and 6-hour timeframes. The long-term trend was bullish, and the retracement we are witnessing now is part of the internal structure within that uptrend.
Despite the short-term demand in the past two days, the token was stuck within a small range that extended from $0.00000481 to $0.00000581. The Open Interest has been stagnant since the 14th, and the aggregated liquidations were still over the past 24 hours too.
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