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Sindhu

06/17 17:14

Pepe price down 13% on Tuesday: is a crash coming?

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PEPE has seen a sharp 13% correction on the daily timeframe, confirming a lower low and continuing its bearish trajectory. With structure still pointing downward, the next major test lies at the point of control, a key level that may either catch the fall or open the door to a deeper drop.
After a series of lower highs and lower lows, PEPE (PEPE) has extended its downtrend with a sharp 13% daily move lower. The recent breakdown followed a failed attempt to reclaim the value area high, where a harsh rejection at the 0.618 Fibonacci level accelerated downside momentum. From a market structure and volume profile perspective, price is now on course for a test of the point of control, a region stacked with confluence that may offer temporary support or trigger another leg down.
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