Pepe has gone through some tough times recently. However, signs indicate that the price may recover. After a sharp decline, technical indicators suggest PEPE may soon bounce back. A TD Sequential buy signal has emerged, which traders often view as a sign of a potential bullish rally. Let's explore what these signals mean and whether PEPE is ready for a big move.

Technical Indicators Show Reversal

Currently, PEPE is priced at $0.00001791, showing a slight increase of 2% in the past 24 hours. Over the past week, the price has decreased, but signs of a potential reversal are emerging. The TD Sequential buy signal often indicates a price reversal, which traders are closely monitoring. This signal has led to previous upward moves, making traders hopeful for a recovery.

In the past week, the price of PEPE has fluctuated between $0.00001455 and $0.0000242. The resistance at $0.00002201 is crucial for the next big move. If PEPE breaks this level, a stronger bullish rally could occur. The Bollinger Bands also emphasize that this is a key point to watch. A breakout above could ignite the next phase of bullish momentum.

Whale Activity and On-Chain Data Are More Clarifying

Whale activity has significantly slowed down. After a spike in large transactions in mid-November, the numbers have decreased. In the past 24 hours, only 240 large transactions were recorded. This decline may signal reduced interest or consolidation. On-chain data also provides useful insights. Approximately 73.60% of PEPE wallets are in profit, with strong support from $0.000011 to $0.000013.

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

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

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