$PEPE had a challenging day yesterday, mirroring the broader market decline. Despite the dip, there's no alarming news about the token itself. $PEPE is now consolidating between 12,900 and 11,200, with a strong historical support zone between 11,000 and 10,500. This range includes critical levels like the 618 FIP, the 200 EMA on the 12-hour chart, and the 100 EMA on the daily chart. Signs of a potential bottom are emerging, marked by significant long liquidations. However, I'm still cautious. I'm watching for $PEPE to break above 11,000 and for Bitcoin to exceed 65,000 before making any moves. PEPE seems stable for now, but another Bitcoin drop could affect it. Stay tuned for updates on market shifts and potential breakouts.
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