PEPE - Still holding support
With the recent talks of memecoin super cycles, PEPE is continuing to show structural support within its price action.
We have our two downwards sloping trendlines. The green one is based on the candle bodies and the yellow one is based on the wicks.
Both trendlines have been broken and the yellow one has been retested as new support.
Price has also flipped short term old resistance into new support (orange horizontal line)
Price is also holding 200 MA on the daily (blue MA)
We have our two downwards sloping trendlines. The green one is based on the candle bodies and the yellow one is based on the wicks.
Both trendlines have been broken and the yellow one has been retested as new support.
Price has also flipped short term old resistance into new support (orange horizontal line)
Price is also holding 200 MA on the daily (blue MA)
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