Based Pepe pricePEPE

$PEPE : Price is moving in line with the roadmap. To keep bullish momentum intact, the key level to hold is $.x526. One more push higher in wave-5 would provide the first confirmation that a local low is in place

Pepe (PEPE) has been selling off hard, down for the fifth day in a row, with a 1% drop as of Friday. This drop comes after a big 72% jump last week, so it looks like people are just taking profits. Plus, data shows less activity on the network. Right now, the 100-day Exponential Moving Average (EMA) is a key support level to watch. Less Interest from Users and Retail Investors Pepe isn't as popular this week, which suggests things are cooling down after last week's sudden growth. Data from Santiment shows that the number of new addresses went down to 1,237 on Thursday, after hitting a high of 2,673 on Sunday. The number of daily active addresses is also down. It dropped to 3,737 on Thursday, compared to 6,476 during the same period. Pepe's trading volume is also going down, to 738.32 million PEPE on Thursday from 1.66 billion in January. This points to less liquidity and fewer people trading. Also, Pepe is getting less attention from retail investors. Its share of media discussion was only 0.117% on Thursday, down from 0.282% on January 2. What's Next for Pepe? Will the 100-day EMA Hold? Pepe is testing the 100-day EMA at $0.00000598 after falling 15% from its peak of $0.00000726 on Monday. If it closes below this moving average, it could drop further to the 50-day EMA at $0.00000519, which is around the same level as the November 4 low of $0.00000521. Looking at the daily chart, buying pressure has dropped a lot during this pullback. The Relative Strength Index (RSI) is at 60 and is leaving the overbought area. The Moving Average Convergence Divergence (MACD) is getting close to the signal line, and the green histogram bars are getting smaller. If it crosses over and we see red histogram bars below the zero line, that would be a sell signal. On the upside, if PEPE bounces back, it could target the 200-day EMA at $0.00000744. #Pepe $PEPE

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📊#PEPE Retesting S/R? 🧠From a structural perspective, we encountered resistance at the blue resistance zone and formed a bearish bearish structure near it. The target area of ​​this structure overlaps with the S/R line below, so I'm very interested in this overlap. If the price reaches this level, I'll attempt some long trades. 🤜If you like my analysis, please like💖 and share💬 $PEPE