$PEPE is up about 1% to 2% while Bitcoin falls, and there's a report that the Binance hacker dumped roughly 2% of PEPE's supply. Why isn't price reacting? 🐸
PEPE is around $0.0000048, in the lower half of an ascending channel on the daily chart, with today's range running from $0.00000459 to $0.00000499. That "hacker dump" report comes from a single X post, so I'm treating it as unverified. 👀
Levels I'm watching:
🟣 $0.0000052: October 28 high, the breakout target
🔴 $0.0000050: round number, needs a clean daily close above it
🟢 $0.0000046: today's low, must hold
⚠️ Lose $0.0000043 and the pop gets erased, with $0.0000040 next
It's a meme coin, so liquidity and sentiment drive everything, and any confirmation of a large on-chain sale would matter fast.
My plan: no chasing. I want a daily close above $0.0000050, or a pullback that holds $0.0000046, before I add. I'm out if $0.0000043 breaks.
Channel bounce or channel break? 👇
#PEPE #pepe #memecoin #crypto #cryptotrading
@Wise Analyze @BitEagle News @Ismeidy