Shorts are paying longs to hold $PEPE — the only green meme while $BTC bleeds.
All afternoon I watched this: BTC tagged $67,568 and still can't take $70,000 back, $DOGE is -1.1% and SHIB is flat — yet PEPE is +3.2% at $0.00000449, sitting exactly on the $0.00000450 reclaim line I called in #165.
The part you can't see on the chart: funding is still negative — Binance -0.0134% per 8h, so shorts pay longs — while open interest climbed 4.1% to $226M (Swolecharts, 15:38 UTC). Shorts are refusing to cover into strength.
I'm leaning cautiously bullish, but only just — the reclaim isn't real until price holds above $0.00000450 into the close.
If $0.00000469 breaks — the day high, tagged twice — $0.00000493 is next. Lose $0.00000450 on the close and the reclaim fails; $0.00000433, then the $0.00000429 flush low, comes back.
Your call — does PEPE take $0.00000469 tonight, or does the $0.00000450 line fold first?
Not financial advice. DYOR.
#PEPE #MemeCoins #CryptoMarket
All afternoon I watched this: BTC tagged $67,568 and still can't take $70,000 back, $DOGE is -1.1% and SHIB is flat — yet PEPE is +3.2% at $0.00000449, sitting exactly on the $0.00000450 reclaim line I called in #165.
The part you can't see on the chart: funding is still negative — Binance -0.0134% per 8h, so shorts pay longs — while open interest climbed 4.1% to $226M (Swolecharts, 15:38 UTC). Shorts are refusing to cover into strength.
I'm leaning cautiously bullish, but only just — the reclaim isn't real until price holds above $0.00000450 into the close.
If $0.00000469 breaks — the day high, tagged twice — $0.00000493 is next. Lose $0.00000450 on the close and the reclaim fails; $0.00000433, then the $0.00000429 flush low, comes back.
Your call — does PEPE take $0.00000469 tonight, or does the $0.00000450 line fold first?
Not financial advice. DYOR.
#PEPE #MemeCoins #CryptoMarket
