$PEPE How has liquidity activated the upward movement?

Based on internal and external liquidity analysis, PEPE shows the potential for a bullish reversal, with price movement indicating an upward trend 13 days after liquidity was wiped out at $0.00000589. This upward trend suggests that PEPE may be heading towards buy-side liquidity at $0.000023, which implies a 285% increase if it reaches the December peak.

The broken downtrend line indicates a shift towards bullish sentiment. However, the MACD line signals a weak bullish crossover, as the MACD line crosses above the signal line.

Daily PEPE price chart | Source: Trading View

This shift indicates that momentum is starting to turn positive, and if maintained, it will help keep the price at higher levels.

However, in the event of decreased buying pressure, PEPE will struggle to surpass resistance levels, especially around $0.0000085, where previous downward breakouts occurred.

If the bullish breakout continues, surpassing the $0.0000085 level will imply strength, helping PEPE reach $0.000013 before continuing up to $0.000023.