PEPE about to surge? TD Sequential hints at big price moves
Pepe (PEPE) has been through some tough times lately. However, signs are pointing to a possible price rebound. After a sharp drop, technical indicators suggest that PEPE could bounce back soon. A TD Sequential buy signal has emerged, which traders often view as a sign of a potential price surge.
Currently, PEPE is priced at $0.00001791, having risen slightly by 2% over the past 24 hours. Over the past week, prices have fallen, but signs of a potential reversal are emerging. The TD Sequential buy signal often foreshadows a price reversal, and traders are now closely watching this signal. This signal has previously led to an upward move, which has traders hopeful of a rebound.
Over the past week, PEPE's price has fluctuated between $0.00001455 and $0.0000242. The $0.00002201 resistance level is crucial for the next big move. If PEPE breaks above this level, a stronger rebound could be in store. This is also highlighted by the Bollinger Bands, and it is a key point to watch. A break above this level could trigger the next phase of upward momentum.
Whale activity has slowed noticeably. After a surge in large transactions in mid-November, the volume has declined. In the past 24 hours, only 240 large transactions were recorded. This decline could mean a decrease in interest or consolidation. On-chain data also provides useful insights. About 73.60% of PEPE wallets are profitable, with strong support between $0.000011 and $0.000013.
However, 22.44% of wallets are in the red, with resistance forming around $0.000019 and $0.000022. These holders may sell to cover their losses, which could slow any rally. The Bollinger Bands confirm these key price levels. PEPE appears to be preparing for a rally.
