In this ongoing market uncertainty, Pepe (PEPE), the popular crypto meme coin, is outperforming major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). Amid this, a prominent crypto expert made a post on X (previously Twitter) and shared a buy signal for the meme coin.
Buy Signal For PEPE
In a post on X, the expert noted that a technical indicator named TD Sequential flashed a buy signal for the PEPE meme coin and also hinted that the price could rebound when applied to the 3-day chart.
According to on-chain data, the major liquidation area is near $0.00001359, where bulls are over-leveraged and currently hold $2.50 million worth of long positions. Conversely, $0.00001405 is another key level where short sellers, with $1 million in over-leveraged positions, could be liquidated if the price reaches this level.
When combining these on-chain metrics, it appears that bulls are strongly dominating the asset, and $0.00001405 is a minor resistance level that could soon be breached, opening the path for further upside momentum.
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