The price of PEPE, a memecoin, has dropped to $0.000018, a 10% decline in 24 hours. This drop is attributed to bear traders who are using excessive leverage to boost their profits amid market turmoil. The US Fed's hawkish approach has raised macroeconomic uncertainty, leading to a market-wide sell-off.

Technical data indicates that PEPE's price may drop below $0.000015. Bear traders have taken advantage of the crypto market turmoil to increase their gains, with cumulative short leverage holdings reaching $15.1 million, dwarfing active long positions by over 85%.

The article predicts that if PEPE's price breaches below $0.000017, it may lead to further declines, with bears targeting $0.000010. However, if PEPE regains the $0.000020 resistance level, it may signal a positive comeback and draw sidelined buyers.

Summary:

- PEPE's price has dropped to $0.000018, a 10% decline in 24 hours.
- Bear traders are using excessive leverage to boost profits amid market turmoil.
- Technical data indicates a possible drop below $0.000015.
- Cumulative short leverage holdings have reached $15.1 million, dwarfing active long positions by over 85%.
- The article predicts further declines if PEPE's price breaches below $0.000017, but a positive comeback if it regains the $0.000020 resistance level.
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Corregirá? que piensan? #PEPEDOWN #PEPE #BTC🌪️

$PEPE PANICS Now!

A suddent huge sells was seen in 5 minutes.. what will happned to PEPE now??
Should we sell it or hold it ?? #pepedown

$JASMY

#PEPEDOWN Vamos aprendiendo talvez alguien que me ayude con pautas de como generar con Earn? $BTC

📊$PEPE

Technical Analysis: PEPE/USDT on Binance

Current Price: 0.00001917 USDT
24h Change: +3.45%
24h High/Low: 0.00001954 / 0.00001790
Volume: 16.88T PEPE (317.45M USDT)

Technical Indicators

1. Moving Averages:

MA(7): 0.00001914 (Strong support near this level).

MA(25): 0.00001863 (Bullish trend as price is above this).

MA(99): 0.00001806 (Long-term support).

2. Resistance Levels:

R1: 0.00001954 (24h High).

R2: 0.00001990 (Previous breakout zone).

R3: 0.00002050 (Psychological barrier).

3. Support Levels:

S1: 0.00001890 (Near MA(7)).

S2: 0.00001860 (MA(25) zone).

S3: 0.00001790 (24h Low).

🎯 3 Potential Targets:

1. 🎯 Short-Term Target: 0.00001990 USDT

A small breakout could take PEPE to this resistance level. Volume confirmation and momentum are key.

2. 🎯 Medium-Term Target: 0.00002050 USDT

If bullish sentiment continues, PEPE could test the psychological level. Watch for consolidation around this zone.

3. 🎯 Long-Term Target: 0.00002200 USDT

A strong upward trend fueled by increased market participation might push PEPE to this significant level.

Conclusion:

PEPE/USDT shows bullish signs with increasing volume and price holding above critical moving averages. Traders should watch for a breakout above 0.00001954, indicating further upside potential. However, maintain caution as meme tokens can experience sudden volatility.

#PEPEDOWN