The market is one. We are all one and the same.
Crypto is one, and all the pairs move in the same way. Not in the exact same manner but the broader direction always tend to be the same.
PEPE is great because it reveals that the market isn't likely to go much lower. Since they all move together, the fact that PEPE will recover reveals that the others will recover.
PEPE grew in late 2024 together with the rest of the market. The first part of 2025 was a correction and the lows started to come-in in March and April. The first high in May, exactly the same as the rest of the market. A higher low in June and another high in July. Now a new retrace.
PEPEUSDT is trading on a very strong structure. We have a higher low from June but also from March. This makes it very unlikely that PEPE will produce a new low in this correction, which means that even now the correction is reaching its end. Volume is very low. If it isn't over then one major flash crash and the next day full green. That's how close we are from change.
Technical analysis
The market downtrend ended in March this year. From a low point PEPEUSDT switched from bearish to bullish. The trading is now happening within a bullish chart.
The main move peaked in May and the market is consolidating before additional growth. The action stays kind of sideways, mid-range, which shows that we are seeing consolidation. Consolidation always precedes a wave of growth, specially when the action is happening across marketwide support.
Namaste.
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