PEPE Recovery on the horizon? Key levels are about to determine the next move!

On January 4, PEPE [PEPE] experienced a 20% correction after the TD Sequential indicator gave a sell signal, but excitingly, the same indicator is now giving a buy signal! This change quickly ignited the market's optimism about PEPE's recovery.

Current PEPE Dynamics:

Despite currently trading at $0.0177 and having fallen 1.6% in the short term, the market is still watching the following key points:

Support: PEPE is currently above $0.01662, and any hopes of an upward trend rest on this. Resistance: The next hard-core level is at $0.022, and a break above this point would hopefully confirm a rebound.

Does the low MVRV ratio indicate a buying opportunity?

The current market value to realized value (MVRV) ratio of PEPE is 41.92%, indicating that it may be undervalued. For most holders, this means losses, while new investors can find buying opportunities at lower prices. But don't forget that undervaluation alone is unlikely to drive a big rally unless market confidence keeps up.

Retail trading explodes!

Interestingly, trading volume in the $10-100 range increased by 66.67%, showing active entry by retail investors, although large transactions are still weak. This retail-driven activity may provide short-term support for PEPE, but large investors will need to participate to ensure a sustained rebound.

Liquidation data shows that the market is unstable:

Long liquidation of $4.1098 million and short liquidation of $1.1455 million, the market is heavily positioned to rise. This also means that PEPE may usher in a short-term rise as shorts cover, but continued gains still depend on the overall market sentiment and buying pressure.

Is a recovery in PEPE expected?

Buy signals, undervaluation and retail enthusiasm drive market expectations, but to ensure the success of this rebound, breaking through the $0.022 resistance level is key. If the $0.0166 support level is broken, it may fall into a volatile consolidation again.

Tracking these key levels, PEPE's recovery may be just around the corner!

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