$PEPE PEPE/USDT Price Action

24H High: 0.00002188

24H Low: 0.00001793

Volume: 38.46T PEPE, equivalent to 749.93M USDT.

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Market Insights

1. Bearish Momentum: The significant drop suggests selling pressure, likely triggered by profit-taking or a lack of bullish catalysts.

2. Support Zone: Key support identified around 0.00001793. A break below this could lead to further declines.

3. Resistance Levels: Immediate resistance at 0.00001918 and further up at 0.00002063.

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Trading Strategy

Short-Term: Monitor for a bounce from 0.00001793 for a potential recovery. A break above 0.00001918 could signal a reversal.

Long-Term: Accumulate at key support levels if fundamentals remain strong, with stop-loss below 0.00001770 to minimize risks.

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Next Targets

Upside: Breakout above 0.00001918 could target 0.00002063 and 0.00002208.

Downside: Failure to hold 0.00001793 might push PEPE to 0.00001770 or lower.

Stay cautious and adjust stop-loss levels to secure gains. #PEPE #CryptoTrading #Binance #USJoblessClaimsFall #BinanceAlphaAlert