🔥 Is PEPE about to collapse or are we in for a sudden recovery? 🤔🚨
The technical analysis of PEPE reveals a state of hesitation and clear selling pressure. We observe a strong downward channel dominating the chart, with crucial support at the level of $0.00000965 which could be a potential reversal point. The 50, 100, and 200-day moving averages all indicate weakness in upward momentum, raising concerns about the continuation of the decline.
However, will this support be enough to trigger a new upward wave? Or will we witness a negative breakout that drives the price to lower levels? Today's technical indicators show "sell" and "neutral" signals, increasing the ambiguity and hesitation in the market.
🔍 My advice: Closely monitor the price action around the mentioned support, as your decision now could make a significant difference in your investment strategy.
Do you expect a strong recovery or another collapse? Share your opinion!
