$PEPE The Seesaw Ride Came To An End With A Correction Testing $0.000011 📉
The previous post ticked almost all the boxes this week and we witnessed the decline which was long due. So, let's find out what we have in store for the upcoming week.
📊 On the daily chart, moving sideways for the first four days showed signs of weakness and Friday's correction did the rest. In the event of a quick fall I mentioned final support near $0.00001250 but the sell off was rapid enough to wipe off liquidity and around $0.000011 prices hit the bottom and reversed. Although expecting the same to get a retest again.
But currently we're witnessing a reversal with a decent volume and to make sure this is not a fakeout Pepe needs to close the day above $0.000013. At the time of writing Pepe was changing hands around $0.0000129, more than 6.5% up for the day. Still it is moving within the ascending channel and will test the lower trendline in the coming week.
📊 On the weekly chart, this week's candle left a long lower shadow showing signs of reversal but a small decline is yet on the cards and can't be ignored.
A possibility of breaking the lower trendline can't be ignored as well and in that case support at $0.00001 will be a line of action.
Overall I'm expecting to the prices to dip a little further based on the current data and we might witness a roller coaster 🎢 ride in the week ahead.
#PEPEATH #PEPEATH #TopCoinsJune2024 #Binance200M #mememcoinseason2024
