PEPE bounces off critical support! Subscribe!

PEPE price is barely holding above the critical support level of $0.00001122 and it faces the threat of further decline. This is due to the constant outflow of money from the asset, which hints at a decrease in conviction.

This can be noted in Chaikin Cash Flow (CMF). This is a technical analysis indicator that measures the buying and selling pressure over a certain period. It uses volume and price data to assess the strength of a market trend, helping traders identify potential reversals and confirm trends.

The indicator is currently at a two-month low, indicating that outflows are adding to selling pressure.

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