The trend has shifted from bullish to bearish

The trend for PEPE has shifted from bullish to bearish, with a significant price drop. A strong supply zone could trigger another downward wave upon contact. Monitor for confirmations to move downwards if the price reaches this resistance area.

6/21/20241 min read

PEPE price chart displaying a shift from bullish to bearish trend, highlighting a strong supply zone
PEPE price chart displaying a shift from bullish to bearish trend, highlighting a strong supply zone

The trend has shifted from bullish to bearish, and the price is dropping significantly. There is a strong supply zone that could trigger another downward wave upon contact. The scenario suggests that if the price reaches this resistance area, we should look for confirmations to move downwards.