The post PEPE: Mapping memecoin’s next move after liquidity sweep appeared on BitcoinEthereumNews.com.

Journalist Posted: February 27, 2025 PEPE’s multiple Breaks of Structure confirmed bearish momentum, while the liquidity sweep signaled $0.00000800 as a potential bounce zone. PEPE needs to reclaim the zone between $0.00000900-$0.00001000 price levels for an upside shift or face further downside continuation. Following a broader correction in the crypto markets, the price action of Pepe [PEPE]  is testing crucial support levels as it trades around $0.00000822. This confirmed the bearish momentum highlighted by multiple Breaks of Structure (BOS) below $0.00000900. Recent trading activities have seen liquidity sweeps below the $0.00000800 mark, suggesting this could act as a springboard for potential price rebounds. This was evident after the run on the equal lows that saw a short rally to the upside. If PEPE can reclaim levels between $0.000009 and $0.00001, it could signal a possible shift in sentiment from bearish to bullish. This hinges on PEPE price sustaining above $0.00001, which could trigger an uptrend and entice investors looking for entry points during this dip. Source: TradingView Conversely, failure to maintain support could lead to further declines, with PEPE potentially testing lower support levels at $0.00000700. This scenario could reinforce the current bearish trend, making it essential for investors to watch for sustained closures below current support as a sign of continued market weakness. PEPE’s total liquidations  Despite the bearishness, PEPE showed signs of stabilization following a tumultuous two-day spike in total liquidations. Data indicated significant cooling off, with both short and long-position liquidations decreasing sharply. For example, on Binance alone, short liquidations dropped to $7.05m from $63M and $22M in the last two days. Long liquidations were at $11.13M, reflecting reduced volatility. Source: Coinglass This easing could suggest that traders are becoming cautious, potentially waiting for clearer signs of direction amidst the ongoing correction. As liquidations decrease, it could…

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Filed under: News - @ February 27, 2025 4:15 am