Must see! Is PEPE ready for a rebound? TD sequence signals reveal future trends!

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In the past two weeks, the cryptocurrency market has shown mixed signals, with bullish sentiment shifting sharply to bearish caution. Among the affected assets, trading interest in meme coins like Pepe [PEPE] has declined as attention shifts back to Bitcoin [BTC].

Nevertheless, technical indicators suggest that with trading volume reaching $2.6 billion, PEPE may be on the verge of a rebound.

In the past week, its price has fluctuated between $0.00001455 and $0.0000242, with traders closely monitoring the resistance level around $0.00002201. The Bollinger Bands also indicate that a key level may break, leading to a sustained upward move.

Data from IntoTheBlock shows that large transaction activity for PEPE has significantly decreased. In mid-November, as the price reached $0.000024, large transaction volume surged, indicating possible whale or institutional activity.

Since then, trading volume has declined, recording only 240 large transactions in the past 24 hours, the lowest for the week.

The reduction in activity aligns with price consolidation around $0.00001791, suggesting accumulation or a decrease in trading interest is occurring.

Analysts note that monitoring large transaction activity can provide insights into any potential breakout or further downward trends.

Meanwhile, the RSI is currently at 41.51, below the neutral level of 50, but not in the oversold territory. A breakout above 50 may indicate a resurgence of buying interest.

As the market stabilizes, the combination of TD sequential buy signals, on-chain indicators, and technical indicators suggests PEPE may be preparing for its next move.

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