PEPE prices drop by 6%, but here’s where holders can book some profits

was stuck beneath a lower timeframe resistance level over the past few days. The bullish momentum from earlier this month had stalled, but the long-term bias remained positive for theThe market structure of PEPE was bullish on the 12-hour chart. It needs to fall below the swing low at $0.00000581 to flip the structure bearishly. The momentum was neutral, according to the RSI.

It showed a reading of 50 and has not climbed above 60 in two weeks. The momentum was not bullish. Similarly, the Chaikin Money Flow was also unable to climb above +0.05. If it succeeded, it would reflect significant capital inflow to the PEPE market. The evidence at hand showed that a consolidation phase was underway. Any retests of the golden pocket between the 50% and 61.8% Fib retracement levels would present a buying opportunity.Technical analysis showed that momentum was neutral and more sideways price action is to be expected. Once a move commences, there are two targets for traders to watch.

The $0.0000056 area to the south had a large concentration of liquidation levels. A price drop to this level or lower would break the bullish structure. Similarly, the area from $0.000009 to $0.00000986 is another region of interest. Above that, the $0.000011 was another level with a large number of liquidation levels. PEPE could be attracted to this level, and the liquidations caused would fuel further gains before the market has a chance to stabilize.Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PEPE, FLOKI zoom past Solana’s WIF, BONK – Why you shouldn’t miss outMemecoins including Pepe [PEPE] and Floki [FLOKI] joined the market rally as prices recovered over the last 24 hours. At press time, PEPE had
Source: CryptoAmb - 🏆 22. / 68 Read more »

WIF’s price up by 31%, hits new ATH – Is flipping PEPE the new prediction?Dogwifhat [WIF] has rallied to a new all-time high following a substantial purchase by a whale, on-chain sleuth Lookonchain noted in a...
Source: CryptoAmb - 🏆 22. / 68 Read more »

PEPE's Price Turns Bearish Despite Previous GrowthPEPE's price action turned bearish in the last 24 hours, despite its impressive performance over the last month. The meme coin's popularity dropped and investors were selling it, as seen from the rise in supply on exchanges. However, there is hope as the total amount of holders increased to over 180k. Analysis of the daily chart did not show any bullish signs.
Source: CryptoAmb - 🏆 22. / 68 Read more »

PEPE leads weekly gainers, but this concern arisesMeme coin Pepe [PEPE] faces a potential price drawback as its supply on exchanges spikes, suggesting a rally in profit-taking activity.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Is BONK falling behind PEPE, SHIB, and DOGE?While BONK's price soars 12.41%, market dominance eludes it, as DOGE, SHIB, and PEPE overshadow the meme coin.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Crypto market’s weekly winners and losers – PEPE, FLOKI, SHIB, BCHJust like the week before, but even better, memecoins took over the top spot for winners, while a fork of Bitcoin saw losses.
Source: CryptoAmb - 🏆 22. / 68 Read more »