Pepe

Resistance

PEPE

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/pepe-coin-faces-local-resistance-after-recent-recovery/" data-wpel-link="internal">PEPE Coin Faces Local Resistance After Recent Recovery</a><br></p>
<p style="text-align: justify">Last month, <strong>Pepe</strong> (PEPE) made headlines. Despite <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> uncertainty, consecutive ATHs caused a significant stir. After this period, PEPE faced local resistance following its recent recovery. This suggests PEPE might form a range. On-chain data indicates increasing selling pressure over time.</p> 
<h2 style="text-align: justify" id="pepe-coin-price-outlook">PEPE Coin Price Outlook</h2> 
<p style="text-align: justify">In the second half of May, PEPE saw increasing sales. By mid-June, the CMF indicator fell below -0.05, indicating significant capital outflow. This suggested PEPE might retract in May, potentially falling to $0.0000089, erasing gains.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-367049" src="https://coin-turk.com/wp-content/uploads/2024/07/pepe-1-coin-turk-com.png" alt="" width="870" height="440"></p> 
<p style="text-align: justify">Market bulls opposed this, strongly defending the $0.0000107 level, indicating a 78.6% retracement. However, the 50% retracement level at $0.000013 was not defended. The CMF indicator turned positive, moving above +0.05, but the RSI remained neutral. PEPE’s RSI stayed around 50.</p> 
<h2 style="text-align: justify" id="will-pepe-price-drop">Will PEPE Price Drop?</h2> 
<p style="text-align: justify">The liquidity heatmap is crucial for PEPE’s <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">future</a>. Data from the last three months indicated a significant liquidation level between $0.000008 and $0.000009. The 50% Fib retracement level serves as resistance against drops to this level.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-367050" src="https://coin-turk.com/wp-content/uploads/2024/07/pepe-2-coin-turk-com.png" alt="" width="871" height="431"></p> 
<p style="text-align: justify">Liquidity pools in the market change based on investor positions. If bulls remain strong and <a href="https://en.coin-turk.com/grayscale-wins-sec-lawsuit-bitcoin-drops-as-etf-applications-are-delayed/" data-wpel-link="internal">BTC</a> performs well, the price might return to $0.000018. Recent data showed short positions gaining strength over long positions. This could signal a potential short squeeze, leading to a sharp price increase. The first liquidation zones for PEPE are $0.0000122 and $0.0000134.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-367051" src="https://coin-turk.com/wp-content/uploads/2024/07/pepe-3-coin-turk-com.png" alt="" width="876" height="442"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/pepe-coin-faces-local-resistance-after-recent-recovery/" data-wpel-link="internal">PEPE Coin Faces Local Resistance After Recent Recovery</a></h5>

PEPE Coin Faces Local Resistance After Recent Recovery

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