Is it the end of the frog or is it just taking a leap to jump higher? 🐸 The 80% drop so far this year has left many in shock, but the charts are starting to whisper a different story.
The market has been hitting meme coins hard, seeking refuge in more "serious" assets, but PEPE is hitting a concrete wall: $0.0000027. This level is not just any number; it was the floor that held up during the crash in October and where many big players have their buy orders placed. 📈
What really has analysts keeping an eye on the screen is the RSI (Relative Strength Index). While the price keeps falling, this indicator is starting to rise, creating what we call a "bullish divergence." In street language: the price is falling by inertia, but the selling pressure is running out and buyers are starting to accumulate quietly. 🤫
But be careful, not everything is rosy. The open interest (OI), which is basically the real money bet on futures contracts, has collapsed from one billion to just 200 million dollars. This means that the "party" has emptied, but also that the market is clean of excess leverage, leaving room for a more genuine movement if we manage to regain the support of $0.0000040. 💸
If the price rejects that level and continues upward, the next stop is those $0.0000027 we mentioned. That's where it will be decided whether PEPE comes back to life or if the winter will be much longer than expected. External factors, such as international trade tensions, continue to create noise, but the technical structure tells us that we are in a "do or die" zone. 🚨
Are we facing the final capitulation before the legendary rebound, or is this the signal that the meme hype has finally found its ceiling?\u003cc-19/\u003e
