PEPE

What is fundamentally behind the coin? There are currently no fundamental stories for PEPE.

What about the technicals?

🔹On April 25, we broke the EMA64 on the daily chart and slightly earlier broke the ascending channel.

🔹At the moment, the ascending 5-wave structure has ended even with a bit of a margin, and a downward movement is underway. From the current levels, we may go even lower, most likely to two levels: 0.00001050 and 0.00000915. At the last level, the fifth potential wave ends + the original ascending channel (dark green line).

🔹If the upward movement of BTC continues in the near future, then the price levels we will be interested in from above are: 0.00001756, 0.00001638, 0.00001471.

Current news background in the market:

➖The Fed is likely to keep the rate, and it is unlikely that we will see any significant news that could change this decision.

➖➕Regarding tariffs in the USA, nothing is clear at all. Making any long-term forecasts without being Mr. Trump is completely unrealistic.

Before making any conclusions about buying/selling, I would wait for the second touch of the EMA64 at the bottom (the green average on the chart) and see how BTC behaves by that moment. With the rise of the latter, PEPE will become interesting for a long position.