The crypto market is showing decreasing trust in PEPE coin, DOGE, and SHIB, while focusing on institutional adoption and practical applications. Despite the bearish market sentiment, investors remain interested in PEPE due to its structural stability on higher time frame charts. The coin has maintained its position above an upward-moving trend line and has seen strong buy-side momentum protecting it from additional price drops. PEPE is currently in a consolidation phase, but if it can break above $0.00001000, it could initiate a bullish rally. On the other hand, if market forces prevent price sustainability below $0.000008500, the price could fall back to $0.000007000. The trading activity for PEPE has decreased, but the asset maintains adequate trading liquidity. PEPE charts reveal a volatile market structure with strong bullish and bearish momentum periods, and a break above the resistance level could signal a bullish continuation. The support level has held firm, but a breakdown below it could indicate a deeper correction. The Awesome Oscillator reflects shifting market momentum, with the potential for a reversal in price direction if bullish momentum continues.
Content Editor ( thecoinrepublic.com )
- 2025-02-21
PEPE Coin Holds Key Support Despite Bearish Sentiment
