⚡️ Hello, everyone! Today I noticed a catastrophic gap: so much time has passed, and I still haven't written about PEPE!
With the emergence of hundreds of thousands of new memecoins, the old ones seem to have disappeared into oblivion. But is that really the case, and does PEPE still have a chance? Let's find out!
Having closed all the gaps above and below, PEPE has no further pronounced magnet for movement and is likely now entering a consolidation phase.
🕓 It is worth remembering that the narrative itself is still important in meme coins. And PEPE is an eternal meme, it will live forever, it is literally the embodiment of meme culture in the world. So from this point of view, there is definitely no need to fear the token's oblivion.
⚙️ Metrics and indicators:
Volume - forms a divergence with the price. Throughout the correction, sales volumes continue to decline, signaling the exhaustion of sellers.
Money Flow - harmony with the price. Liquidity continues to decline, positions are being closed. But, in general, the indicator is in the neutral zone.
Support/Resistance - PEPE has now reached the largest zone of interest at 0.00000817 and is trying to consolidate there. This is a powerful level around which consolidation can be expected before further growth. However, if the price falls below it without the possibility of returning, it will be an extremely bearish signal.
Liquidity Depth - As we know, the price moves from one liquidity to another; this is its fuel. And now, there is significantly more of this fuel accumulated at the top. PEPE has always been a highly speculative asset, and during prolonged one-sided movements, extremely high funding is formed in it. This further provokes sharp jumps in price.
📌 Conclusion:
PEPE will definitely not die as a narrative, so there is nothing to worry about. Of course, thousands of new memecoins have stretched liquidity across the market, and many have left PEPE for new shiny things.
But in truly difficult times, when your FARTCOIN and HarryPotterObamaSonicInu are down 90% in a day, many will return to PEPE, especially at such a low price.
According to technical analysis, PEPE is doing much better than DOGE. Flat liquidity inflows, decreasing sales volumes. Those who wanted to leave have already left. And I personally am already starting to look at spot purchases of PEPE at current levels.
🔥 Have a great week, everyone!
With the emergence of hundreds of thousands of new memecoins, the old ones seem to have disappeared into oblivion. But is that really the case, and does PEPE still have a chance? Let's find out!
Having closed all the gaps above and below, PEPE has no further pronounced magnet for movement and is likely now entering a consolidation phase.
🕓 It is worth remembering that the narrative itself is still important in meme coins. And PEPE is an eternal meme, it will live forever, it is literally the embodiment of meme culture in the world. So from this point of view, there is definitely no need to fear the token's oblivion.
⚙️ Metrics and indicators:
Volume - forms a divergence with the price. Throughout the correction, sales volumes continue to decline, signaling the exhaustion of sellers.
Money Flow - harmony with the price. Liquidity continues to decline, positions are being closed. But, in general, the indicator is in the neutral zone.
Support/Resistance - PEPE has now reached the largest zone of interest at 0.00000817 and is trying to consolidate there. This is a powerful level around which consolidation can be expected before further growth. However, if the price falls below it without the possibility of returning, it will be an extremely bearish signal.
Liquidity Depth - As we know, the price moves from one liquidity to another; this is its fuel. And now, there is significantly more of this fuel accumulated at the top. PEPE has always been a highly speculative asset, and during prolonged one-sided movements, extremely high funding is formed in it. This further provokes sharp jumps in price.
📌 Conclusion:
PEPE will definitely not die as a narrative, so there is nothing to worry about. Of course, thousands of new memecoins have stretched liquidity across the market, and many have left PEPE for new shiny things.
But in truly difficult times, when your FARTCOIN and HarryPotterObamaSonicInu are down 90% in a day, many will return to PEPE, especially at such a low price.
According to technical analysis, PEPE is doing much better than DOGE. Flat liquidity inflows, decreasing sales volumes. Those who wanted to leave have already left. And I personally am already starting to look at spot purchases of PEPE at current levels.
🔥 Have a great week, everyone!
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.
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.