CandleFocus Market on Edge as PEPE Tests Crucial Support Amid Rising Trading Volume
2025-02-03
Author: Content Editor
The PEPE/USDT trading pair is experiencing a trend breakdown, causing concern among market participants. The price has dropped below a key support trendline, indicating a potential shift in momentum. Analyst CryptoKaleo warns of a possible further price drop before a potential recovery. Traders are closely monitoring support and resistance levels. The price could retrace to a previous accumulation area before attempting an upward move. Volume spikes during major price movements confirm strong trading activity. The recent breakdown suggests a change in sentiment, and the market is now testing critical levels that could determine its next direction. The liquidity structure reflects strong trader participation, but the next move depends on whether buyers can defend the support zone effectively.
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