The resistance zone of PEPE appears to be on the verge of a potential change. Also, Milady whales are probably feeling pretty happy with their buys. Here is the state of the market.
PEPE, the memecoin of the month, may be about to break out of its resistance zone, according to one analyst. Pseudonymous trader Crypto Tony has identified a potential rally as market sentiment changes.
PEPE Fluctuates
The meme token has mostly been trading horizontally since the beginning of the week. But, the pseudonymous trader believes PEPE may begin to enter an “Adam & Eve reversal pattern.” The trend is a bullish chart pattern in technical analysis. It consists of two distinct parts, the “Adam” and the “Eve.”
The first is a quick, sharp decline (Adam) followed by a more gradual curved bottom (Eve), indicating a potential trend reversal from bearish to bullish.
PEPE began surging at the beginning of May, rising 348% over two days….
