🔥🔥$PEPE TECHNICAL ANALYSIS🔥🔥

✅Aaaannddd The winners aree Sellersss !!??

✅I have previously mentioned in my posts that the price action is interesting in this area and its hard to conclude who will win..It liiks like, we are getting to see that who is the winner.

✅Eventhough $PEPE showed a rejection near the SNR level at the bottom of the supply level, we can see that with the current price action sellers are able to push the price down below the SNR level.

✅If, the close of today's candle is able to stay below the SNR line, it is confirmed that the seller have taken over.

✅If price manage to stay below the support level, that level can become a resistance level and with the supply level added on top of it, it will be a major sign for selling.

✅We can clearly see that there are a lot of trades happening as revealed by the increasing volume.

✅Either it can be sellers rallying up behind each other or, buyers are absorbing all the selling. The close of today's candle will help us to confirm it.

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