PEPE Market Structure and Potential Rebound Zones
PEPE saw a short-lived rally after a liquidity sweep, but its overall market structure remains bearish.
Multiple Breaks of Structure (BOS) confirm downward momentum, while the recent liquidity sweep signals $0.00000800 as a crucial support level. For a bullish reversal, PEPE must reclaim the $0.00000900–$0.00001000 price zone; otherwise, it risks further downside.
Following a broader crypto market correction, PEPE is currently testing key support levels, trading around $0.00000822. The bearish trend remains intact, with BOS occurring below the $0.00000900 threshold.
Recent trading data shows liquidity sweeps below $0.00000800, indicating a potential price bounce. The short-lived rally following the liquidity run suggests a possible rebound. However, sustained bullish momentum will require PEPE to establish support above $0.00001, potentially signaling a trend shift and renewed investor interest.
Failure to maintain support at current levels could push PEPE toward $0.00000700, reinforcing the bearish trend. Investors should monitor sustained closures below current support as an indicator of continued weakness in the market.
PEPE Liquidations Show Signs of Stabilization
Despite the prevailing bearish trend, PEPE’s liquidation data suggests some market stabilization after a turbulent two-day period of heavy liquidations.
On Binance, short liquidations have significantly dropped from $63M to $7.05M, with long liquidations now at $11.13M. This decline in liquidations reflects reduced volatility, indicating that traders may be waiting for clearer market direction.
As liquidations decrease, PEPE could gain traction for a potential price rebound. However, another spike in liquidations could trigger additional price declines, making it crucial for traders to stay alert.
Large Transactions Remain Steady Despite Price Drops
While PEPE’s price has been on a downward trend, the number of large transactions has remained stable, showing no major spikes or drops.
With 337 large transactions recorded, the trend suggests that significant holders are neither aggressively selling nor accumulating. This steady transaction activity could indicate a consolidation phase, offering retail traders a potential entry point.
However, a sudden rise in large transactions could either fuel a price recovery or accelerate further declines, depending on the market sentiment. Monitoring transaction volume will be key in identifying PEPE’s next major move.
Conclusion
PEPE’s market outlook remains uncertain, with crucial resistance and support levels defining its next move. A breakout above $0.00001 could trigger a bullish trend, while a failure to hold current support levels may lead to deeper corrections.
Traders and investors should keep a close eye on liquidity levels, transaction trends, and market sentiment to make informed decisions about PEPE’s price trajectory.
