🐸 $PEPE – DEAD CAT BOUNCE OR JUST GETTING STARTED?
$PEPE crashed to a local low of 0.00001166, down 7.65%, after a brutal rejection from 0.00001301. While it’s showing slight recovery candles, the bounce appears weak and volume is thinning.
Key support at 0.00001160 held — for now. But unless bulls reclaim 0.00001219, the memecoin remains at risk of fading deeper. Structure remains bearish with lower highs forming.
If bulls want a reversal, they need to flip 0.00001248 into support. Otherwise, $PEPE could slide back toward 0.00001100 range.