🐸📉 PEPE dropped sharply... but the technical and on-chain signals suggest a big rebound is coming 💥🔎
In June, PEPE experienced a drop of nearly 30% from its last strong levels, and plummeted almost 40% from its peak in May, touching the area of $0.0000103. However, far from being the end, this correction activated signals that could trigger an explosive rally:
📊 Technical patterns at play:
Clear formation of a double bottom and 'cup-and-handle' pattern near key support.
Structures that in many cases precede rebounds of +30 to +100%.
RSI near 37, with weakening bearish momentum.
🐋 Whale accumulation:
Large wallets withdrew trillions of tokens from exchanges to private vaults.
Open interest and positive flows reflect incursions of capital willing to hold long-term.
🎯 What now?
Maintaining support is the first step. If it bounces back from here with volume, it could initiate a new cycle. Conversely, breaking below opens the path to deeper second fibo zones.
Do you think this is the beginning of a new cycle for PEPE, or do you think it can still drop further?
👉 You can trade directly from the chart below, with the right strategy: enter on double bottom breakout, stop losses below support, and staggered targets to capture the rally.
