💥 PEPE Faces Downward Pressure: Bulls Struggle to Regain Ground! 🆘
🔹 Recent Market Moves:
PEPE has breached the daily Volume-At-Low (dVAL) 📉
The next key level for bears is the monthly Volume-At-Low (mVAL) 🎯
🔹 Key Levels to Watch:
Current Resistance: Daily VAL now acts as resistance at 0.0000075 ⚔️
Bear Target: Monthly VAL looms below at 0.0000066 🎯
Bull's Challenge: Aiming for a rebound above the dVAL to regain momentum 🔄
🔹 Technical Indicators:
RSI dropped below the neutral 50 line, hinting at increased selling pressure 📊
Watch for RSI divergence that could indicate a potential reversal or further decline 🔄
🔹 Trading Tip:
Consider bearish scenarios with caution; look for signs of a bounce at mVAL for potential entries 🔍
For bulls, a clear break back above dVAL could signal a change in the wind 🌬️
🔹 Market Sentiment:
Current sentiment leans bearish; however, volatility could create opportunities for quick action ⚡️
🔹 Next Moves:
Keep an eye on volume and price action at the mVAL for signs of support or breakdown 🧐
Adapt to the market's direction quickly – agility is key in these conditions! 🏃♂️
🤔 Do you think PEPE will hold the monthly VAL, or is there more downside to come? 💬 Comment your thoughts below! 👍 Like if you find this analysis useful! 🔄 Share to keep others informed!
