The decline extends across several recent candles and the sequence is losing ground overall. That continued weakness is the reason for my bearish view.
$PEPE The daily loss is hiding the part I find interesting: buyers are returning.
The recent candles have turned upward while the daily change remains negative. That improves my short-term view, but it does not erase the earlier decline.
$PHA This recovery deserves attention. Calling the bottom would still be premature.
The candle recovered well above its low, leaving a long lower wick. Buyers responded to the drop, although one response does not establish a lasting reversal.
$ZEC +15.17% against $CATI -5.79% in 24H. Two very different moves.
The first is 4.52% below its daily high; the second is 4.24% above its low. I would examine that recovery before treating the bigger loss as a bargain.
Do you prefer an established rise or evidence of a recovery after a drop?
$SOLV is the one I would examine first among these three gainers.
$ARB +48.07% · SOLV +22.19% · $EPIC +21.03% in 24H.
Why this one? It sits highest within its own daily range (99%), so it has kept more of its advance from the low. That is relative strength, not a promise of another rise. Which chart would you compare next?