Experts Flash Buy Signal for PEPE as It Outperforms BTC and ETH

In this ongoing market uncertainty, Pepe (PEPE), the popular crypto meme coin, is outperforming major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). Amid this, a prominent crypto expert made a post on X (previously Twitter) and shared a buy signal for the meme coin.

Buy Signal For PEPE

In a post on X, the expert noted that a technical indicator named TD Sequential flashed a buy signal for the PEPE meme coin and also hinted that the price could rebound when applied to the 3-day chart.

According to on-chain data, the major liquidation area is near $0.00001359, where bulls are over-leveraged and currently hold $2.50 million worth of long positions. Conversely, $0.00001405 is another key level where short sellers, with $1 million in over-leveraged positions, could be liquidated if the price reaches this level.

When combining these on-chain metrics, it appears that bulls are strongly dominating the asset, and $0.00001405 is a minor resistance level that could soon be breached, opening the path for further upside momentum.