Crypto Express

07/22 02:26

PEPE : Bear market flip or not yet?

Meanwhile, PEPE has broken the bear market trendline that has held price since the highs of the 9th of December 2024.

PEPE entered a free fall with price reaching $0.00000568 in March, where it created a double bottom. The breakout occurred on the 10th of July, and the retest was confirmed five days later.

PEPE looks headed toward the $0.000016, which, if broken, could take PEPE back to the highs seen in the last quarter of 2024.

However, the current breakout could be false if price failed to hold above it. The trendline break could mark a flip of the bear market to a bullish one considering the time it had stayed significant.

Additionally, the volume of PEPE, which was seller-dominated in the last two days, had returned to the control of bulls as of press time.

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