💥 AMBCrypto: $PEPE wild April journey

The retracement to $0.00000581 on the 19th of March set a new swing low. The recent PEPE dip meant that the shorter timeframe trend was bearish and so was the market structure. However, on the 12-hour chart, the trend was still biased bullishly.

The RSI was at 33 to signal downward momentum was dominant. Moreover, the OBV also fell below a month-long support. Hence, more losses are expected in April. This could see the meme coin reach the 78.6% retracement level at $0.00000318.

The liquidation heatmap showed sparse liquidation levels above current market prices. To the south, the $0.00000245 was the next magnetic zone for the prices. Yet, if Bitcoin [BTC] has reached a local bottom, PEPE might bounce higher.

Hence, in the short term, the $0.00000955 area was also a magnetic zone. However, it is 85% higher than market prices, which was doubtful given the market uncertainty.

Overall, the metrics suggested that it could be a good short-term buying opportunity for PEPE traders.