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PEPE Price analysis

$PEPE Gears Up for Another 100% Move as Breakout Pattern Resurfaces

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Meme token $PEPE is showing signs of life again after weeks of sluggish price action, and technical indicators suggest a potential breakout may be on the horizon, echoing a similar setup that led to a 100%+ surge in October.

After enduring a tough couple of weeks marked by heavy resistance and downward pressure, $PEPE is now attempting a steady recovery. The token’s price structure is gradually improving, with a newly formed higher low pattern above a critical support zone, signaling a shift in sentiment among traders.

$PEPE has managed to hold above the psychologically important $0.00000700 level, maintaining relative stability despite thin trading volume. This consolidation phase has helped the meme coin establish a foundation for a potential upward move.

PEPE’s Chart Hints at 100% Rally Repeat

According to World of Charts, PEPE’s current market behavior closely mirrors its October performance, when a successful breakout triggered a rally of more than 100%. With a similar breakout pattern now forming, expectations for a comparable upside are rising.

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$PEPE Gears Up for Another 100% Move as Breakout Pattern Resurfaces 3

However, technical indicators point to a bullish setup: the RSI at 44.91 shows bullish divergence with room to rise, while the MACD nears a bullish crossover, hinting at upcoming momentum.

Bollinger Band Width at 34.13% signals low volatility, often preceding breakouts, and the ADX at 34.3 confirms a moderately strong trend. The DMI shows a bullish bias with +DI at 20.8 above -DI at 10.2, and a 0.95x volume ratio suggests steady accumulation ahead of a potential move.

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$PEPE Gears Up for Another 100% Move as Breakout Pattern Resurfaces 4

The key support level remains intact, acting as a safety net for bulls. If $PEPE can break through immediate resistance levels, especially amid low volatility, the setup could very well lead to a repeat of its previous explosive run.

As meme coin mania shows no signs of fading and traders continue hunting for high-upside plays, $PEPE’s developing structure might offer another chapter in its unpredictable yet thrilling price journey.

Read More: Base Meme Coin’s Rise and Fall: Whales Make $666K Before the Crash

PEPE’s Bullish Flag: Is This the Calm Before a Massive 83% Price Jump?

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  • PEPE shows bullish flag formation, suggesting potential for significant price growth in the upcoming market cycle.
  • After a 25% surge, PEPE’s consolidation phase sets the stage for a potential 83% breakout if key resistance is broken.
  • PEPE’s current price stability and upward trend indicate that a major rally may occur, exciting traders and investors alike.

The PEPE cryptocurrency demonstrates indicators that suggest that it may be getting ready for a new price expansion. The cryptocurrency reached a new peak in March, which launched a surge exceeding 25%. Experts indicate that the token might embark on another upward trend. 

PEPE Forms Bullish Flag

On Saturday, World of Charts published an X post that showed PEPE making a bullish flag formation. A bullish flag pattern acts as an indicator to investors that forthcoming price movements will likely be upward. The recent price consolidation of the coin appears within a tight range, although data indicates another potential market movement.

Source: X

PEPE responded to its March recovery by showing some stabilizing action before moving into consolidation. The price maintained stability in this period because stable prices indicate positive conditions for upcoming expansion. The substantial price increase may transform into a substantial upward move following the current period of consolidation. 

Analysis indicates that the price of the token shows an upward directional pattern. PEPE shows potential for further price growth based on its present upward trend that might persist if market conditions stay positive. The flag pattern breakout waiting process indicates when investors will confirm the forthcoming rally stage. 

Strong Support Fuels Expectations

The price will experience substantial growth when PEPE crosses above its flag’s upper boundary. World of Charts predicts an 83% price increase for the token after the breakout occurs. The market movement would lead the token towards matching its previous peak levels, thus establishing an established upward price action. 

The current market price of PEPE stands at $0.000007131 with a daily increase of 5.61%. The price shows positive signs because it keeps clearing essential support areas and creates potential conditions for an upcoming price rise. The market is following the flag pattern in cryptocurrency closely because it expects another breakout is about to occur. 

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Source: TradingView

The unpredictable nature of the crypto market agrees with the technical analysis that cryptocurrency shows bullish trend indicators. Successful resistance penetration in token will produce substantial returns for its investors. Crypto enthusiasts and professional traders maintain strong expectations for coin because both its support structure and its visible pattern are robust. 

PEPE stands as a leading market asset due to its recent price increase accompanied by bullish flag positioning. Technical indicators show another major price surge is possible after completion of this current pattern, yet it remains unclear when such a significant rally might happen.

PEPE’s Bullish Reversal in the Works: Golden Cross and Strong RSI Point to Giga Pump

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  • PEPE has dropped 7% recently but is up 9% over the past week, signaling potential growth.
  • With PEPE 72% below its ATH, the upcoming altseason could push it to new highs.
  • Bullish signals like MACD crossover, rising OBV, and strong RSI suggest a reversal is near.
  • Trading above key EMAs and forming a Golden Cross indicates continued upward momentum.

Pepe Coin (PEPE) faces a short term decline triggered by recent market bearish activity and a huge sell-off in the overall market. Bitcoin’s decline below its crucial $84k support level let the market sink and impact PEPE price along with several major altcoins and meme coins and propelled them to lose their ground, but still PEPE is in the positive price trajectory and poised for a huge uptick in the coming days. Over the past week, PEPE is up by almost 9%, showing bullish signs .

Once the market stabilizes, PEPE will shock everyone and print history with a huge bullish surge. However, looking at the shorter time frame, PEPE hit hard by market volatility and down by almost 7% in the last 24 hours. Currently PEPE is trading at $0.000007840, and also its trading volume is down by 9%, with a 24-hour trading volume of  $588.78M.

PEPE 7D graph coinmarketcap 1
PEPE's Bullish Reversal in the Works: Golden Cross and Strong RSI Point to Giga Pump 9

PEPE reached an all-time high of $0.00002803, it’s now trading 72.21% below that peak. A bullish surge could surpass its previous ATH and set a new record. Altseason is pending but in the progress, and soon it will start. The upcoming altcoin season could push PEPE to new heights.

PEPE’s Bullish Reversal on the Horizon

Looking ahead, PEPE is poised for a major bullish reversal, with several key indicators suggesting an impending “giga pump.” First, the MACD Indicator is about to cross the 0 line, which typically signals an uptick in momentum. This crossover is often considered a strong signal for an upcoming price surge, making PEPE an exciting asset to watch in the near future.

Additionally, the On-Balance Volume (OBV) is rising, indicating that more capital is flowing into PEPE. This is a clear sign of growing buying interest and could further fuel PEPE’s upward momentum.

The Relative Strength Index (RSI) is another key indicator showing PEPE’s bullish potential. The RSI is still in the bullish zone, with room for further upward movement. This suggests that PEPE has not yet reached overbought conditions, leaving space for continued growth.

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PEPE has also formed a Golden Cross on the hourly and 2-hour charts, with the 4-hour candle approaching this key bullish formation. Historically, golden crosses precede strong price movements, signaling that PEPE could be gearing up for a significant price increase.

Finally, PEPE is trading above the 50-day and 200-day Exponential Moving Averages (EMAs), which is a strong indicator of a healthy upward trend. This suggests that PEPE’s price is on a steady rise and could continue to increase as market conditions stabilize.

Read More: Galaxy Digital Settles for $200M Over Terra Promotion Fallout

PEPE Bull Run? 300% Gain Possible If These 3 Levels Break

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  • PEPE shows bullish reversal signs at key support levels, suggesting possible significant price gains ahead.
  • Analyst identifies a double-bottom pattern on PEPE’s chart, indicating a bullish shift from recent bearish trends.
  • Short-term resistance targets for PEPE include $0.00002384, $0.00002965, and $0.00003466, marking clear trading levels.

PEPE is displaying some bullish reversal patterns, which bring the prospects of huge gains into perspective. In the latest X post, analyst Rose Premium Signals pointed out that PEPE is currently trading at a key support level where it has been acquiring a number of rebounce reactions in the past. The area indicating higher demand can serve as the basis for further upward movement.

PEPE Poised for Breakout

Based on the analysis, PEPE’s current price is distributed rather in the form of double-bottom reversal chart pattern in a weekly outlook. This formation normally indicates a change in the market trend from a bearish trend to an bullish trend. Recent positive price movements support this view in continuing to suggest an improving sentiment in the near term among traders.

According to the analysis, if the train of the bulls is not derailed, then the price of token could more than triple from its current levels. For mid-term swing trading, PEPE has what it takes to make miracles, making it easy for traders to define and achieve definite targets from the forecasted price appreciation.

Some of the apparently identified specific short-term price targets analyzed by the analyst stem from previous trajectory of resistance levels. The first goal that token has set to achieve is to breach through the $0.00002384. If this momentum surges above this level, the chart is expected to target the next resistance level at $0.00002965. Subsequently, the continuation of the bullish trend may reach another resistance level of 0.00003466 for cryptocurrency.

Awaiting Bullish Confirmation

These levels give traders an easy time when using the price levels since they are the areas that have previously pressured PEPE to its selling level. These areas could be used by market participants for profit taking, updating their books or creating fresh entries on the market.

This particular technical analysis comes at a time when the rest of the cryptocurrency trading market is beginning to cheer for its tokens to bounce back. Buying pressure and the presence of the bullish double bottom pattern strengthen the rebound from the key support level in token. As of press time, PEPE is trading at $0.000008592, showing a 2.42% decline over the past day.

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Source: TradingView

Crypto traders and investors manage to focus on optimal technical indications and reversed formations. The current structure of the chart for PEPE shows that it fulfills many of these characteristics, causing traders to be on the lookout for possibilities as it moves through crucial resistances.

Hence, it is up to market participants to wait for further confirming indications of continued bullish flow while token needs to retest such defined technical levels. The gain potential of 300% lies constrained by the buying momentum, sharp breaks above the highlighted levels, and progression of the overall market.

PEPE’s Next Big Move: A 35% Breakout or Another Crash?

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  • PEPE follows a familiar cycle, surging post-election, peaking in December or January, then declining sharply.
  • Traders watch PEPE closely as it tests resistance, with a 30-35% rebound possible if it breaks key levels.
  • A breakout could spark a meme coin rally, while failure may lead to further declines in line with past trends.

Many altcoins such as PEPE have experienced the same pattern of rising after relevant events, and reaching the highest point in December or January of the succeeding year and then, start a downward trend continuously. Some of these assets are trading below their prices before the elections, more so the subject of the future recovery.  

However, in the current trading sessions, PEPE, in particular, has been somewhat stronger comparing to the overall market decline. If the meme coin can rally back up to its pre-election price position, Daan Crypto Trades  believe it might signal the bottom for other similar coins and tokens. The altcoin’s price dynamics are being particularly intently followed by traders to determine whether there is potential for an altcoin rally.  

PEPE Potential 30-35% Rebound

Currently, PEPE is facing a crucial test as it reverse at a horizontal support concurrently with a descending trendline. World of Charts has been optimistic, estimating the asset to rebound by 30-35% if it could punch through these levels. This can be the beginning of a new push in the meme coin space that has stagnated for several months now.  

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Source: World of Charts

However, it has risen higher than several other related coins, such as others in the meme category. Some traders believe that this stability is promising and that PEPE may be used to gauge the strength of other meme coins. This perspective is positively underlined by its performance to sustain the support levels while other assets continue to drop even more.  

Breakout or Further Decline

For an extension of this uptrend, PEPE needs to break through resistance and establish a support on the other side. It may also bring back meme coins’ resurgence if the investment is successful. However, failure to do so may lead to further declines in line with the long-standing history showing that the price of altcoins settle much lower in the following days after small but sharp corrections. As of press time, PEPE is trading at $0.000007017, showing a 4.76% decline over the past day.

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Source: TradingView

This has created awareness among the market participants to focus on the price behavior of PEPE. It can also regain positions over the resistance high and push back to the levels before the elections if it pulls through. Still, rejection of this level may continue to fuel bearish outlook and put pressure on the downside.  

In the current state of the crypto markets, there is a lot that can depend on the future movement of PEPE in the course of the following days. As a result, trader’s sentiments are still mixed but anxious as they await the big move in one of the most-watched assets in the business.

Pepe Coin (PEPE) Stabilizes at Key Support, Breakout to $0.21 on the Horizon

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  • PEPE is stabilizing at a key support level after a 40% drop, signaling a potential rebound.
  • A break above $0.11 could push the price toward $0.21, with $0.41 as a long-term target.
  • Accumulation seems to be ending, hinting at a possible upward move if market conditions align.
  • Bitcoin and Ethereum’s performance will play a crucial role in PEPE’s next price direction.

Pepe Coin (PEPE) is showing signs of a potential rebound after facing significant turbulence in recent weeks. The popular meme coin has seen a sharp decline, dropping 40% over the past 30 days and shedding another 4% in the last week. Despite the downturn, PEPE is now holding at a crucial support level, raising speculation about an upcoming recovery.

PEPE Technical Analysis: Key Levels to Watch

According to recent market analysis, PEPE is currently hovering near the lower boundary of its parallel channel. Crypto expert Ali Martinez noted that if this support holds, a rebound to $0.000016 could be the next target.

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Pepe Coin (PEPE) Stabilizes at Key Support, Breakout to $0.21 on the Horizon 15

Looking at the broader price structure, the token appears to have reached a critical floor, making this a decisive moment for its trajectory. If the coin fails to maintain these levels, the bullish momentum may weaken, leading to extended consolidation. However, if the token sustains its support and gains momentum, a move between $0.08 and $0.11 could be the next phase of its price action.

The first major resistance sits at $0.11, a key threshold that could determine PEPE’s next leg up. Breaking above this level would pave the way toward $0.21, a significant Fib retracement level. If the token surpass $0.21, it could trigger a fresh rally toward its flag target of $0.41, signaling a potential new all-time high (ATH).

image 238 3
Pepe Coin (PEPE) Stabilizes at Key Support, Breakout to $0.21 on the Horizon 16

Market Conditions & Sentiment

Accumulation appears to be nearing completion, with recent price movements suggesting possible manipulation before a wider distribution phase. If the token follows its historical pattern, this setup could push prices significantly higher.

Much of PEPE’s trajectory will depend on the broader market conditions, particularly Bitcoin (BTC) and Ethereum (ETH). If both major cryptocurrencies continue their upward momentum, the token could benefit from renewed market optimism, strengthening its bullish outlook. However, for this rally to materialize, key levels must be reclaimed, and trading volume should confirm the move.

Related Reading | Bitcoin Must Reclaim $106K Before a Critical Breakout, Say Traders

Can PEPE Hold $0.0000092 Support or Will It Face a Major Drop?

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  • PEPE is at a crucial $0.0000092 support level; a break below may lead to a drop toward $0.0000032.
  • A bounce from the $0.00001107 Fibonacci level could trigger a bullish reversal and push PEPE toward $0.00001340.
  • With PEPE’s price near $0.0000101, failure to hold could cause further downside, testing lower support levels.

The bulls and bears currently engage in a battle for PEPE and the token is at a crucial support level which stands at $0.0000092. In a recent price analysis shared by Ali Martinez on X, the analyst is expected that the outcome of this level will define further movement of the meme coin. Should the price of PEPE remain above this point, there is a possibility of a reversal and an upswing. On the other hand, a breakdown below this level may lead to a shift to even lower prices probably falling as low as $0.0000032.

PEPE Trend Analysis

The further analysis reveals that PEPE is trading in an increasing trend channel, while other indicators like Fibonacci retracement levels also help in determining support and resistance levels. A significant level is the 0.5 Fibonacci level which is currently at $0.00001107. Should the price bounce back from here, the outlook could turn bullish and the price might surge to the 0.382 level at $0.00001340 which is a key resistance level.

On the other hand, the price has already protruded near the 0.618 fib level at $0.0000101. This level is rather important as here one can identify potential lower trendline within the upward trend channel. If this price is not sustained, there will be pressure to a lower range that has potential support at $0.0000092 and the most significant support floor at $0.0000032.

Support Levels at Risk

The same is also illustrated in the analysis section meaning that a breakdown of the trend could occur with the first line of defense being at the 0.786 Fibonacci level at $0.00000696. A break below this level will extend the bearish outlook and may lead to a plunge to even lower support levels in the short term.

It  is apparent that PEPE is quite unpredictable, with the token’s value fluctuating over the past months. This has made the price key in the eyes of the traders and investors as they wait for a breakout or a breakdown to happen. Currently the price action gives a critical look at the future of PEPE with the daily $0.0000092 level being key to determine whether a recovery can be expected or further decline is in stores.

The analysis shows that there is a lot of room for a bounce if this particular support level is going to hold, however this means that there is very high probability for a sell-off as well. Overall, it would be up to PEPE to hold important support levels and avoid more selling pressure in the future.

PEPE Price Dips Again: Could a 20% Drop Be Coming Soon?

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  • Pepe (PEPE) drops 14% on Monday, following a 21.80% fall last week, leaving traders concerned about its future outlook.
  • The market sentiment remains bearish with the long-to-short ratio under 1, signaling more traders betting on further declines.
  • Whale activity increases selling pressure on PEPE, with large transfers totaling millions of dollars in recent days, fueling market pessimism.

The price of Pepe (PEPE) also remains low, standing at $0.0000129 on Monday. This now indicates a 14% drop in the day, after a 21.80% plunge in the previous week. The recent movement of meme coin has been of concern to the traders and analysts in the market.

The sentiment in the market is still bearish and the long-to-short ratio for token has now dropped below one. This means that more traders are bearing shorts in the coin hoping for the value to drop even more. The momentum indicators also paint a gloomy picture of the future and there are calculations which show that the index may lose an additional 20% in the coming days.

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Source: Coinglass

PEPE Faces Whale Pressure

Lookonchain showed that large investors, often referred to as whales, are selling their PEPE tokens. Interestingly, the wallet 0xfBfC…07Be sent 430 billion tokens to Binance, which is equivalent to $6.39 million. Another whale, marketparticipant.eth staked 325.5 billion coins ($4.9 million), while 0xb1a2…6731 traded 200.88 billion PEPE for 2.85 million USDC in the last 48 hours. Such sales apply pressure on the coin price, hence lowering the confidence of investors in the coin.

The price of PEPE has remained relatively slow and even with rejection on the 18th of January near a descending trendline. This line which connects higher highs since early December presented a central resistance level. 

Bearish Indicators for PEPE

After this rejection, token fell by more than 30% and closed below the 200-day Exponential Moving Average (EMA) at $0.000014 by Sunday.The coin is still trading below this level so there is a possibility that the bearish trend will remain intact.

If it fails to break past the $0.000013 mark on the daily chart, coin might be heading lower, experts say. Another 20% decline could be enough to bring the price back to $0.000010, last seen on November 8. The RSI is at 31 and declining and hence the market may continue to weaken before it becomes oversold.

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Source: TradingView

However, the Moving Average Convergence Divergence (MACD) has also produced a bearish crossover. The red histogram bars below the neutral line in the bottom plot support this sell signal and suggest that the downward pressure will persist. The future of token is unclear and as more traders and whales leave their positions more decline cannot be ruled out.

PEPE Bearish Outlook With 60-70% Correction Expected: Key Levels To Watch

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The memecoin, PEPE, which recently received much attention in the cryptocurrency space and surged by 27x in the past 10 months, is now experiencing a sharp decline. In a recent X post, Patel highlighted that PEPE could already be in a bear market, which means that the periodic growth rates may no longer skyrocket.

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Crypto Patel said that the project is already in a bear phase, and expects PEPE to sometime plunge downward and possibly fall by 60-70% in the next few days. He pointed out that the memecoin price has been tested with a crucial resistance area at the $0.000011, that has posed a challenge to the upward movement progress.

PEPE Support Level

However, elaborating on the identified resistance level, Patel unveiled that $0.000003 is the support level for the token. This support level could certainly help to become the ‘floor’ with depends upon which the price may start to level after the correction. However, he has remained negative on token’s prospects in the current bull run cycle for meme coins, implying that this variety’s higher grounds might just be in the past.

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Analyzing the position of PEPE in the market, Patel bases his opinion on the assumption that memecoins are inherently speculative. He urged traders not to go overboard with the hype as it could be very costly to buy heavily into token at this stage. While hailing the token’s past achievement, Patel cautioned investors against risking all their investments on the tokens.

As for now, PEPE is before this possible downturn, the crypto people will be expecting whether PEPE memecoin will be an exception, or fall into Patel’s foreseen correction. Therefore, it is in the following days that the membrane shall be shaped to ascertain whether PEPE shall continue to thrive like most memecoins, or indeed, plummet, as Patel has projected.

The Crypto Patel’s perceptions have caused controversy among the PEPE supporters and the critics. His warning is a good word to the wise that in the crypto market, anything can change just within a blink of an eye regardless of how successful the tokens maybe. As always traders are kindly advised to only trade informed and because trading is not guaranteed traders are encouraged to always trade cautiously.

Analyst Bullish On PEPE Amidst Bearish Market Signals: Report

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Famous analyst Crypto Jack in the X post has provided a positive outlook towards PEPE based on the weekly chart. According to analysts, such a positive sentiment is observed as PEPE is retesting a critical resistance level while it is expected to act as a support level.

Screenshot 2024 07 03 173228
Analyst Bullish On PEPE Amidst Bearish Market Signals: Report 24

However, Jack’s positive outlook is not aligned with the current market trends as depicted below. Several factors suggest that the market sentiment for PEPE is mostly bearish. Significantly, the cryptocurrency faced its major challenge in trying to break through the 50% Fibonacci retracement level set at $0.000013.

PEPE Faces Market Headwinds

The RSI on the daily chart is close to a neutral level of 50, which signals a lack of strength for a big move in either direction. Also, the Chaikin Money Flow (CMF) index has indicated values below 0.05, showing that there was a massive capital flight from the given coin.

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Analyzing the market data, one could observe dominant short positions in the market; this could be seen from the liquidations over the last two days. This phenomenon suggests that the market is not confident about PEPE’s short-term price rebound; many short liquidations occurred, more than in other segments, which indicates concern.

From a technical perspective, the focus is on PEPE’s price movements. The meme-coin gets a strong buy at the $0. 0000107 level, supported by the 78.6% Fibonacci retracement level, and then turned down to halt the decline. On the other hand, the resistance at the $0.000013 level has provided a strong resistance to any attempts of price increases.

According to the liquidation heatmap from Coinglass, there is a new group of liquidations at $0. 00001164 and $0.00001180 in the past day, meaning that the investors are most active in this price range. Such clustering may be indicative of the future break out as the key market players rearrange themselves to adapt to possible changes in the market trend.

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Even though the prices barely changed, the liquidation data is highly concentrated which points to a certain struggle in the market. Long and short speculators prepare for possible shifts, and therefore, have their leveraged bets at these critical levels. Thus, while the market is somewhat in a state of confusion in these mixed signals, the stakeholders are waiting and watching for the next clear signal.