Technical Analysis ($PEPE /USDT):
Current Price: $0.00000831
Resistance Level: $0.00000850
Support Level: $0.00000800
Breakout Possibilities:
Bearish Scenario: The chart suggests a potential bearish move as PEPE has failed to hold above the $0.00000850 resistance level. If the price continues to decline, it could break the $0.00000800 support level, leading to further downside, possibly towards lower levels around $0.00000750.
Bullish Reversal: However, if PEPE finds support at $0.00000800 and manages to hold, a reversal could occur, pushing the price back up towards the $0.00000850 resistance level.
The market currently leans towards a bearish outlook, but the support level at $0.00000800 will be key to watch for any potential reversals.
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