The tool, known for its accuracy in timing market reversals, suggests that the meme coin could be due for a short-term pullback.
This signal follows a strong upward move, with PEPE recently testing resistance near the 1.272 Fibonacci extension level. The last time TD Sequential marked a “1” sell setup on this chart, PEPE experienced a notable correction.
While this doesn’t guarantee a drop, traders and investors may want to exercise caution, especially after such a steep rally.
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Monitoring support levels and volume trends will be key in the coming days.