$PEPE retesting its 200 MA and main resistance
2025-01-30
Category: None

BINANCE:PEPEUSDT   CRYPTOCAP:PEPE  is desperately trying to jump out of this boiling pot, helped by ETH’s surge. Are you apeing in? Let’s check the Daily chart.


This Ethereum-based memecoin faces double resistance after falling into bear market territory.


The dark blue resistance (key pivot from May–July 2024) aligns with the 200-day MA—a major obstacle. This bearish confluence won’t be easy to break.


Buying spot now? You’re entering the strongest resistance. That shows either zero TA understanding or pure love for the Frog. You might survive if ETH keeps pumping, but you’re betting on hope. The next ETH correction, and memecoins drop like a sack of potatoes.


Best strategy? Wait for PEPE to break resistance—prove it’s alive.


For now, it’s bearish:


Momentum: RSI 37, downtrend. Needs trendline break + retest.


Market Structure: Lower highs & lows.


Volume: Weak—no interest.


The Frog is in trouble. The longer it stays in the boiling pot, the likelier it gets cooked. Wait for a breakout or get dumped on again.


Watching closely—will ETH’s run save it? For now, struggling. Be patient or get trapped.


Brutal and simple. 💙👽
