PEPEUSDT market declined to its August lows. Given that it has been in a bearish trend for over eight weeks, I anticipate that the price may now move sideways around this level to facilitate accumulation. Typically, following a period of strong momentum, markets tend to consolidate and trade in a horizontal pattern. Observing the price action, we can see that it is forming an ABC pullback, which often precedes a rollback. I expect the market to retest this support level, potentially establishing a range zone. Historically, if we look back, the price has previously formed a range zone before breaking through, and this pattern may repeat itself. My goal is support zone around 0.00000610Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
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💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.