PEPE coin price is testing the support level consisting of the 38.2% Fibonacci retracement level at $0.00001216. And an upward trend line is on the daily chart for the third day in a row.
It is noted that PEPE price respects Fibonacci levels well. Therefore, if the price declines further, these levels will provide strong support. Especially the level of 61.8 at $0.000009, which also constitutes an area of previous highs.
If these levels are also broken, then it will be a strong indication of the possibility of the end of the current bullish wave. I am waiting for stimuli to appear that I see as non-technical, and those that cannot be predicted
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