PEPE Token Price Outlook
In the second half of May, PEPE saw an increase in selling. By mid-June, the CMF indicator fell below -0.05, indicating significant capital outflows. This means that PEPE could fall back in May, possibly to $0.0000089, erasing its gains.
Market bulls opposed this and strongly defended the $0.0000107 level, indicating a retracement of 78.6%. However, the 50% retracement level of $0.000013 failed to hold. The CMF indicator turned positive, breaking above +0.05, but the RSI remained neutral. The RSI for PEPE remained around 50.
Will PEPE prices fall?
The liquidity heatmap is crucial for the future of PEPE. Data from the past three months shows that the liquidation level is between $0.000008 and $0.000009. The 50% Fibonacci retracement level can act as resistance on a drop to this level.
Liquidity pools in the market change based on investor positions. If longs remain strong and BTC performs well, the price could return to $0.000018. Recent data shows that short positions are stronger than long positions. This could signal a potential short squeeze, leading to a sharp price increase. The first liquidation zone for PEPE is $0.0000122 and $0.0000134.
