Yesterday I said 0.0000051 had to hold on $PEPE if the ceiling rejected it again.
It didnt hold. The CPI candle poked 0.0000056 for one hour and got fully sold, then this morning the whole thing rolled over and 0.0000051 went with one fat red hourly candle. Down about 8% on the day now, sitting near 0.0000049 while BTC and ETH are mostly flat.
So this is just memes bleeding on their own.
For me the next real spot is 0.0000048, thats where last week's bounce started. Lose that on an hourly close and the drop gets ugly fast. Back above 0.0000051 and hold it, then this was a shakeout and I'm wrong about the weakness.
It didnt hold. The CPI candle poked 0.0000056 for one hour and got fully sold, then this morning the whole thing rolled over and 0.0000051 went with one fat red hourly candle. Down about 8% on the day now, sitting near 0.0000049 while BTC and ETH are mostly flat.
So this is just memes bleeding on their own.
For me the next real spot is 0.0000048, thats where last week's bounce started. Lose that on an hourly close and the drop gets ugly fast. Back above 0.0000051 and hold it, then this was a shakeout and I'm wrong about the weakness.
