Pepe (CRYPTO: PEPE) is down 8% on the day but traders remain convinced the meme coin looks fundamentally solid and primed for more upside.
What Happened: Crypto trader Davie Satoshi shared his analysis of PEPE’s market performance, saying that a technical indicator shows bearish momentum. According to the trader, this explains the recent dip.
He sees two strong support lines that he expects to hold, constituting a healthy consolidation phase before further upside. The trader marked three key resistances on the chart:
Full story available on Benzinga.com