PEPE price prediction: Here’s a trading opportunity that you shouldn’t miss

PEPE Token Price Analysis

PEPE has a bullish structure, but momentum and buy pressure have waned. Liquidation data indicates a potential bearish trend takeover.

Consolidation Phase

PEPE has been in a consolidation phase for the past twelve days, trading above $0.00001129 but struggling to break $0.000014. Sentiment among holders remains positive, with a majority in profit.

Liquidation Analysis

Traders may witness an upward price move if Bitcoin avoids a downtrend. Liquidation levels suggest a magnetic zone between $0.000014 and $0.0000148. This zone could attract prices.

Trading Zones

The $0.0000113 and $0.0000127 levels form a short-term range. The $0.000014 zone presents resistance, while the $0.000007-$0.0000076 zone serves as a target.

Short Squeeze Potential

The imbalance between short and long positions favors a potential short squeeze or an upward price movement to hunt short-sellers. The $0.0000123-$0.0000126 levels provide a bullish target for the coming days.

Overall Outlook

PEPE may climb to $0.000014 before reversing. However, a breakout appears unlikely given Bitcoin's recent retreat.