$PEPE Loses 42% of Its Value: A Rapid Decline in Full Swing
The meme coin $PEPE has experienced a steep crash, losing 42% of its total value. Currently trading at $0.00001606, it’s down 15.66% in the last 24 hours. After reaching a high of $0.00001972, the price has dropped sharply to test the daily low of $0.00001588.
Key Levels to Watch
Support: $0.00001580 – A breakdown below this level could lead to further losses.
Resistance: $0.00001650 – A recovery above this level might encourage buying interest.
Trade Setup
Entry Point: Around $0.00001599 for short-term trades, though high risk.
Targets:
1. $0.00001650 – Initial resistance for potential recovery.
2. $0.00001830 – Major resistance level to watch.
Risk Management
Stop-loss: Set at $0.00001570 to mitigate significant losses.
Market Insight
$PEPE remains in a bearish trend, but oversold conditions may lead to a temporary bounce. Keep an eye on trading volume for any signs of reversal, and approach trades cautiously given the volatility.