📉 Technical Analysis: PEPE Coin 🐸 – Bearish Trends Ahead?

Are you holding $PEPE coin or considering an entry? Here's what the charts are telling us! 👇

🔍 Current Price: 0.00000895 USDT

Key Indicators:

- Moving Averages: PEPE is trading below the 7-day, 25-day, and 99-day moving averages, signaling a bearish trend across short, medium, and long-term periods.

- MACD: The MACD line is below the signal line with a negative histogram, further indicating bearish momentum.

Volume Insights:

- Notice a surge in volume during the April-May price spike, followed by a significant drop. Lower trading activity suggests possible consolidation.

Support and Resistance:

- Immediate Support: 0.00000895 USDT

- Further Support: Around 0.00000621 USDT

- Key Resistance: 0.00001094 USDT (25-day MA) and recent high at 0.00001725 USDT

Summary: PEPE is in a bearish phase with decreasing volume and negative momentum. Watch the support levels for potential reversals and the resistance levels for signs of a trend change. Stay vigilant and trade smart! 📊🚀

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