#PEPEUSDT $PEPE

The price is currently trading below the 200-period SMA, which is typically a bearish indicator. This suggests that the asset is facing selling pressure, and the current trend could continue downward if the price remains below this moving average.

The RSI is at 24.58, which is in the oversold territory. This suggests that the price has been declining sharply, and there might be a possibility of a rebound or at least a pause in the downward trend due to overselling.

The MACD line is at -0.00000006, below the signal line at -0.00000006, showing a bearish crossover. This indicates that the bearish momentum is strong, and the price might continue to drop if this trend persists.

Bullish Scenario:
If the price can find support at the current level and push back above the 200-period SMA at $0.00000809, it could target the previous resistance levels around $0.00000900 and $0.00001160.

Bearish Scenario:
If the price fails to hold the current level and continues to drop, the next support levels could be around $0.00000750 and $0.00000700, where the price might find some stability before potentially dropping further.

Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and carry a high level of risk. conduct your own research before making any investment decisions.

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