🚨$PEPE It looks like PEPE is making some interesting moves⁉️Here’s a summary of the current situation based on your analysis and the latest data:
$PEPE Current Market Overview:
Current Price: $0.00001033
Recent High: $0.00001630 (down 36% from this level)
Key Support Level: $0.000010 (psychological level)
Fibonacci Levels:
38.20%: $0.00001026
50%: $0.00001226
61.8%: $0.00001465
23.60%: $0.00000823 (potential downside target)
Technical Indicators:
RSI: Shows a minor bullish divergence, indicating potential upward momentum.
MACD: Lines are converging, suggesting a possible bullish crossover.
Whale Activity:
A whale deposited 600 billion PEPE worth $6.1 million on Binance, incurring a $3.5 million loss due to a 12.6% price drop from their purchase price.
Market Sentiment:
Open Interest: Declined by 0.77%, currently at $537.79 million.
Liquidations: Short liquidations reached $698,000, while long liquidations were at $420,000, indicating a shift in market sentiment.
Conclusion:
With the reclaiming of the $0.000010 level and the bullish signals from technical indicators, there’s a potential for a reversal. However, it’s crucial to monitor the price action closely, especially around the Fibonacci levels.