🚀 Good Morning Binance Fam! 🚀
Welcome back! 🌟 I hope you're all doing great. Today, let's dive into the latest on $PEPE, the king of meme coins! 👑
Yesterday,Pepe showed some strength, but today it’s a different story. The meme coin hype isn't as hot right now, with most narratives underperforming. 📉
Here's the scoop:
Support Level:Pepe bounced off a strong support at 11,000 and shot up to 12,800.
Technical Analysis: We’re seeing a bearish confirmation at the 100 EMA and trend line. The downtrend since May 27th is still in play.
Market Structure:Pepe mirrors Bitcoin closely. If Bitcoin rallies,pepe could follow suit and break out bullishly. Otherwise, we might see a dip.
Key factors to watch:
Bitcoin Breakout: Above 66,600 could trigger a Pepe rally.
Altcoin Market Support: Altcoins, in general, are near strong support levels.
Liquidity Zones: High liquidity around 1.26 could be a target for a push.
🚨 No confirmation yet, but keep an eye out! If Bitcoin breaks out, $PEPE could skyrocket! 🚀
Stay tuned for more updates and don't forget to like, share, and follow for your daily dose of crypto insights! 🔥 #pepe⚡ #PEPE_EXPERT $PEPE