Fear at 28, stablecoins dominating the gainers list, and no fresh capital coming in. So who's buying PEPE as it turns green against the trend? Here's the conclusion, plain and simple: selling pressure has clearly eased. The bears want to keep pushing it down, but they just can't.

Here's the evidence. PEPE traded $71 million in volume and closed higher against the trend over 24 hours, climbing from 4.63e-06 to 5.03e-06. Its 1-hour range position shot up to 74, just shy of the intraday high; the 4-hour position was 59—not the strongest, but holding steady. The weekly chart is even more impressive: it climbed from a low of 2.23e-06, gaining nearly 50% this week. Its weekly position is now 81, just shy of the weekly high. ARB also turned green alongside it. Its $22.5 million in trading volume isn't huge, but money is still trickling into L2 despite the broad market decline, which shows the selling pressure is weakening. Fear is at 28 and stablecoins are topping the leaderboard. People really are afraid to move their money, but when nobody dares to buy, the tokens that turn green against the trend show you who has the supply in hand.

Whether this momentum can hold depends on the price. As long as the 1-hour chart doesn't break below 4.9e-06, today's countertrend move is still valid. If it really drops below 4.63e-06—that low—then today's gains might as well have never happened. Don't try to tough it out. On the upside, watch 5.17e-06 first; only a break above 5.33e-06 would truly open up more room. Until it gets above that, it's just a bounce.

The bears spent all day hammering the market, only to end up with gains—and even send stablecoins to the top of the gainers list. Guys, you can keep your tokens bought below 4.9; I'm not sticking around for PEPE's countertrend move. $PEPE

#加密市场 #AltcoinSeason