PEPE Price Outlook Faces Key Demand and Whale Tests

PEPE Daily chart has continued to form bullish structure breaks, however, 0.0000037 - 0.00000039 demand zone is still vital. Price fell to $0.000004913 in the latest snapshot, while 24-hour volume declined 53.68% amid weaker intraday momentum. Wallets connected to Justin Sun reportedly contain 11.85 trillion PEPE, which are likely to be internal transfers since there are no withdrawals on Poloniex. PEPE price action is getting conflicting signals with its daily chart structure being bullish, while recent trading weakness is testing nearby bull mark support.