Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Is Pepe setting the range? The 50% correction level is key.
ALTCOIN NEWS

Is Pepe setting the range? The 50% correction level is key.

By Crypto FlexsJuly 2, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Is Pepe setting the range? The 50% correction level is key.
Share
Facebook Twitter LinkedIn Pinterest Email
  • The 50% retracement level and the daily RSI indicated a possible range formation.
  • Buying pressure is increasing and the liquidation heatmap is showing contrary signals.

PEPE has struggled to break above local resistance levels. Mimecoin has shown signs of forming a range, but according to a previous AMBCrypto report, a bullish chart pattern is also a viable scenario.

The report also added that on-chain metrics suggest selling pressure is likely to increase in the coming days.

For PEPE, we looked at liquidation level data along with technical analysis to see which path is more likely.

Key levels of long-term Fibonacci corrections are defended.

PEPE 1-day trading view

Source: PEPE/USDT on TradingView

Selling pressure began to build during the second half of May, and by mid-June the CMF had fallen below -0.05, signaling massive capital outflows.

At the time, the PEPE price was expected to retraceive the mid-May rally and drop to $0.0000089.

The bulls made sure that this did not happen and bravely defended the 78.6% correction level of $0.0000107. However, they were not strong enough to break through the 50% correction level of $0.000013.

The CMF also returned above the +0.05 level, but the daily RSI was slow, hovering around the neutral 50 mark and not yet signaling a bullish turn in momentum.

Should traders brace for a PEPE price crash?

Pepe's Liquidation HeatmapPepe's Liquidation Heatmap

Source: Highblock

Looking at the liquidation heatmap data for the last 3 months, we see a large concentration of liquidation levels in the $0.000008-$0.000009 area.

They were able to attract prices like a magnet, especially since the 50% Fibonacci correction level continued to act as a strong barrier.

There is no guarantee that all liquidity clusters will be visited. If the bulls settle in the coming weeks, the $0.000018 zone will be the next liquidity target.

Pepe liquidation levelPepe liquidation level

Source: Highblock


Realistic or not, PEPE’s market cap in BTC terms is as follows:


The liquidation levels over the last two days showed that short positions were significantly larger than long positions, which meant that there was a possibility of a price bounce to pressure these short positions.

The next highest liquidity levels in the short term are $0.0000122 and $0.0000134.

Disclaimer: The information presented does not constitute financial, investment, trading or any other type of advice and is solely the opinion of the author.

Next: Could 1 Million Bitcoin ‘Holes’ Users Cause BTC Price to Crash Below $60K?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025
Add A Comment

Comments are closed.

Recent Posts

Web3 EXEC warns that the US dollar Stablecoin end game is not priced.

September 14, 2025

Binance’s new Defi Initiative sparked Rollish Momentum, and BNB hit a new ATH of more than $ 900.

September 13, 2025

Top 5 Crypto PR Agencies to Scale Your Blockchain Project in Europe

September 13, 2025

The price of Etherrium surges beyond $ 4,500. -Main level for monitoring more profits

September 12, 2025

BNBCapital Emerges As Top Immutable DeFi Protocol With 239% Returns And Zero Admin Functions

September 12, 2025

MEXC Enhances Futures Trading With Multi-Asset Margin Mode Across 14 Tokens

September 12, 2025

Ethereum Based Meme Coin Pepeto Presale Past $6.6 Million As Exchange Demo Launches

September 12, 2025

BlockchainFX Raises $7.24M In Presale As First Multi-Asset Super App Connecting Crypto, Stocks, And Forex Goes Live In Beta

September 12, 2025

Phemex Launches Multi-Assets Mode To Enhance Trading Efficiency And Risk Management

September 12, 2025

Ethereum Meme Coin Little Pepe Crosses $25M, Announces 15 ETH Giveaway

September 12, 2025

DOLLUM Expands Wallet Opportunities, Introducing New Security Features Following The DOL Token Sale

September 12, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Web3 EXEC warns that the US dollar Stablecoin end game is not priced.

September 14, 2025

Binance’s new Defi Initiative sparked Rollish Momentum, and BNB hit a new ATH of more than $ 900.

September 13, 2025

Top 5 Crypto PR Agencies to Scale Your Blockchain Project in Europe

September 13, 2025
Most Popular

StakeFarm’s Innovative Approach to Democratizing Cryptocurrency Staking – Blockchain News, Opinion, TV & Careers

May 12, 2024

The tethers supports XAUT Stablecoin of $ 770,000,000.

April 29, 2025

Bitcoin analysts say BTC is in a ‘good position’ above 200MA and $65,000.

September 26, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.