"PEPE's Potential Reversal: Can It Break Key Resistance?"
1min read PEPE, a cryptocurrency that has been in a prolonged downtrend, recently showed a buy signal on the weekly chart, according to the TD Sequential indicator. This signal suggests a potential reversal, but the cryptocurrency's ability to break through key resistance levels will determine its next course of action.
At the time of this report, PEPE was trading at $0.00009926, reflecting a 3.90% increase over the past 24 hours. However, the price action indicated that the cryptocurrency was testing key levels and still faced significant resistance. PEPE was consolidating around $0.000099, with the next resistance zones at $0.0001395 and $0.0002108.
The TD Sequential indicator's buy signal suggested a potential reversal, but PEPE's ability to break through these resistance levels will determine the next course of action. If it fails to push higher, the downtrend could continue. Moreover, the Relative Strength Index (RSI) reading of 35.56 indicated that the memecoin was nearing oversold territory, adding further uncertainty to the potential rebound.
Despite the buy signal, daily active addresses were showing a concerning decline. As of the 13th of February, PEPE had only 976 active addresses, a notable drop from previous months. This decline suggested waning interest from retail investors, which could further hinder its recovery. If the cryptocurrency fails to reignite interest from users, the potential for a sustained rally becomes increasingly unlikely. PEPE must address this decline in activity to avoid further pressure on the price.
The transaction count has also been on the decline. On the 13th of February, the cryptocurrency recorded only 782 transactions, significantly lower than its peak volumes. This drop indicated that market participants were not as engaged, potentially limiting short-term growth. Without an increase in transaction volume, PEPE may struggle to gain traction and could continue its downward movement. If it manages to spark renewed interest, however, the transaction count could increase, supporting the potential for an upward move.
Large holders have displayed uncertainty regarding the cryptocurrency's future. Net flows of tokens from large investors have fluctuated significantly, indicating that big players are not making strong, decisive moves. The 7-day change 
