PEPE

What is fundamentally behind the coin? Currently, there are no fundamental stories observed for PEPE.

What about the technicals?

🔹On April 25, the EMA64 was broken on the daily chart, and shortly before that, the inclined channel was also broken.

🔹At the moment, the ascending 5-wave structure has ended even with a slight margin, and a downward movement is underway. From the current levels, we could go even lower, most likely to two levels: 0.00001050 and 0.00000915. At the last level, the fifth potential wave ends + the initial inclined channel (dark green line).

🔹If the upward movement of BTC continues in the near future, the price levels that will interest us from above are: 0.00001756, 0.00001638, 0.00001471.

Current news background in the market:

➖The Fed is likely to keep the rate unchanged, and it is unlikely that we will see any significant news that could change this decision.

➖➕Regarding U.S. tariffs, nothing is clear at all. Making any long-term forecasts, without being a friend of Trump, is completely unrealistic.

Before making any conclusions about buying/selling, I would wait for the second touch of the EMA64 at the bottom (the green average on the chart) and see how BTC behaves by that time. With the rise of the latter, PEPE will become interesting for long positions.