$1000PEPE Market Analysis:
I stumbled across this token by chance. This fitness wheel says PEPE is headed into a bear market?
Well, I’d better take a look at what’s going on with PEPE.
Since the last bear market, PEPE has fallen 92% from its peak of 2836. It’s now rebounded 140% to 426. After falling this much, how much lower can it go?
The weekly high landed right on the 0.618 level. Seeing 0.618 made me want to draw a butterfly or bat pattern.
Going by the chart, it first drops to point C (-18%), then rises to the red line (+127%), and then breaks below the previous low (assuming -92%). That would fit the PEPE bear case.
#Pepebear