$PEPE has reached its bottom and is ready to move upward.I like seeing these kinds of charts. It's rare to find such a perfect entry point with the potential for a 2x or more return.
CRYPTOCAP:PEPE is backed by Wintermute, the biggest market maker, meaning they have the power to push it to the moon. However, CRYPTOCAP:PEPE has gone through a long and necessary consolidation phase, which happens to every coin after a major rally.
All signs indicate that this consolidation is over and that CRYPTOCAP:PEPE is ready for the next pump:
MACD is at the bottom on both the daily and weekly charts. In fact, it has never been this oversold in its history.
RSI is also at the bottom, signaling that an upward move lasting several months could be coming.
In general, if CRYPTOCAP:PEPE is below 0.00001, it’s a good buy—hence why it’s in my green box.
CRYPTOCAP:PEPE has bounced off the long-term uptrend line, marking a clear bottom. It has now broken above 0.00001, confirming the trend reversal.
There might be some hesitation since bottoms can be shaky, but once the uptrend starts, you'll be glad you took this long position.
To manage risk, set a stop loss below 0.00000950, just in case CRYPTOCAP:BTC crashes for any reason.
DYOR (Do Your Own Research).
