- PEPE ($0.00)’s OBV indicator at 1,827.73T revealed hidden strength despite price decline
- Critical price level at $0.000002000 could trigger relief rally to $0.000002500 if breached
The cryptocurrency market has seen some remarkable volatility in the memecoin sector lately, with PEPE recording a notable downtrend too. While skeptics have pointed to weakening momentum, technical indicators alluded to the possibility of a trend reversal at press time.
Hence, it’s worth looking at PEPE’s price action, while examining key technical levels and market structure to understand whether a comeback is on or not.
PEPE’s price action shows signs of weakness
The popular memecoin PEPE hit a critical juncture after experiencing significant selling pressure, with the price testing key support levels at press time. Trading at $0.000001785, the memecoin shed nearly 1% of its value in the last 24 hours, prompting traders to eye potential reversal signals.
AMBCrypto’s technical analysis revealed a complex picture for PE...
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