đ´$PEPE is Still Bullish đ´
Over the past 24 hours, Pepe (PEPE) surged by 4.84%, outpacing the average 3.66% increase in meme coins. Despite this gain, indicators suggest a potential bearish reversal. PEPE has risen 2.44% since last Monday and 5.12% over the past month, showing resilience compared to other altcoins. However, trader interest is waning, with a 23.48% drop in 24-hour trading volume to 508.47 million.
After consolidating for 12 days, PEPE seems poised for a breakout, followed by a potential bearish reversal. The Chaikin Money Flow (CMF) has risen to +11.0, and the Relative Strength Index (RSI) has climbed from 40 to 60, indicating renewed bullish momentum. A densely populated liquidation zone between $0.000014 and $0.0000148 suggests potential sweeping of these levels soon. Short positions target a decline to the $0.000007-$0.0000076 range, hinting at a possible short squeeze.
Meanwhile, Pepe Unchained ($PEPU) is gaining traction, raising nearly $6 million in its presale. Operating on its own Layer 2 chain, it offers lower fees and faster transaction speeds. With a presale price of $0.0082596, early investors can benefit from a 312% APY, presenting a valuable passive income opportunity.
