PEPE gains 57% in 7 days, but bulls wait for something else

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PEPE gains 57% in 7 days, but bulls wait for something else
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PEPE continued to outperform the other large-cap meme coins with close to 60% gains last week and the bullish strength stood tall.

It has its sights set firmly on the next Fibonacci extension level, but in the long term, it could go much, much higher. Could PEPE catalyze the next altcoin run?The one-day chart has been bullish since early May, when prices breached the $0.00000796 resistance.

The 61.8% Fibonacci extension level at $0.0000168 was a place where selling pressure might elevate as PEPE holders realized profits.The OBV was also swiftly climbing higher to reflect consistent buying volume. The $0.00000645 and $0.000007 levels also have a huge pool of long liquidations in store. However, these prices are 50% below the current market prices.

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CryptoAmb /  🏆 22. in CA

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