$1000PEPE saw selling pressure fade after the recent dip, with bids quietly stepping in around the support area. The move lower failed to gain continuation, and sellers were unable to maintain control below this level.
Price behavior in this zone looks more like absorption following a downside sweep rather than active distribution. Momentum has started to stabilize, suggesting that downside strength is weakening for now.
As long as this base continues to hold, overall structure leans more toward a potential rebound instead of another impulsive move lower. This area remains important to watch for confirmation of the next directional move.
This is purely an observation of market behavior. Traders should make decisions based on their own understanding and risk tolerance.
1000PEPEUSDT
Trajne ter. pog.
0.0046973
-2.61%