The recent rebound of PEPE from a key resistance level suggests that bulls have no reason to be optimistic. Which of the two meme coins has a better outlook in July?
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PEPE traded between $0.0000099 and $0.0000076. At the time of publication, the average level of $0.0000088 acted as support. Previous support at $0.000009-$0.0000096 has been replaced by resistance.
The RSI on the 4-hour chart was not yet above the neutral 50s and the OBV was also in a downtrend. There has been no buying pressure and further losses are expected.
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