• TD Sequential buy signal suggests PEPE could experience a price rebound soon.

  • Whale activity has slowed, indicating reduced interest or consolidation in PEPE trading.

  • Key resistance levels and on-chain metrics show critical zones for a potential breakout.

Pepe (PEPE) has seen some tough times recently. However, signs point to a possible price rebound. After a sharp decline, technical indicators suggest PEPE may soon bounce back. A TD Sequential buy signal has appeared, which traders often take as a sign of a potential price surge. Let’s explore what these signals mean and whether PEPE is ready for a big move.

https://twitter.com/chandlerbingpl/status/1870895476758680020?t=oyFhRJUZVZ8_3yHDoH6pFQ&s=19 Technical Indicators Suggest a Reversal

Currently, PEPE is priced at $0.00001791, showing a small 2% increase in the last 24 hours. Over the past week, the price dropped, but signs of a potential turnaround are appearing. The TD Sequential buy signal often signals a price reversal, which traders are now watching closely. This signal has led to upward movements before, which makes traders hopeful for a rebound.

Over the last week, PEPE’s price has fluctuated between $0.00001455 and $0.0000242. Resistance at $0.00002201 is critical for the next big move. If PEPE breaks this level, a stronger rally could follow. Bollinger Bands also highlight this as a key point to watch. A break above could spark the next phase of upward momentum.

Whale Activity and On-Chain Metrics Add Clarity

Whale activity has slowed significantly. After a surge in large transactions in mid-November, the numbers have dropped. In the past 24 hours, only 240 large transactions were recorded. This drop could signal reduced interest or consolidation. On-chain data also provides useful insight. Around 73.60% of PEPE wallets are profitable, with strong support between $0.000011 and $0.000013.

However, 22.44% of wallets are at a loss, creating resistance around $0.000019 and $0.000022. These holders might sell to recover losses, which could slow down any rally. Bollinger Bands confirm these critical price levels. PEPE seems to be preparing for a rebound.

With a TD Sequential buy signal and strong technical indicators, the price could soon surge. If PEPE breaks key resistance levels, the rally could be just beginning. Traders should monitor these price zones closely for any signs of a breakout.

The post PEPE on the Verge of a Surge? TD Sequential Hints at Big Price Action appeared first on Crypto News Land.