Why Pepe is expected to register losses worth 35% in September


17 Sep 2023 4:30 PM

The market structure has remained bearish in the past month, and the RSI was unable to climb past neutral 50 since 15 August, showing a downtrend....

  • PEPE has a strong bearish bias on the 4-hour chart.
  • Selling pressure on the meme coin is significant, and further losses are expected in September.
  • Fibonacci retracement and extension levels indicate support levels at $0.00000062 and $0.00000044.
  • The market structure and RSI confirm the bearish trend.
  • The 1-hour chart shows a short-term trading range for scalp traders.
  • The Open Interest has increased, suggesting potential bidding from early bulls.

The sentiment of the article is negative, indicating a bearish outlook for PEPE.

Go to publisher site

You May Ask

What is the current market capitalization of PEPE?What are the Fibonacci extension levels for PEPE?How has the RSI confirmed the bearish trend?What is the short-term trading range for scalp traders?What does the increase in Open Interest suggest for PEPE's price?

Suggested Reads