$PEPE /USDT: Testing Support as Bears Dominate

$PEPE is trading at $0.00002224 (-5.20%), reflecting notable selling pressure after touching a 24h low of $0.00002201. Traders are observing whether the meme coin can stabilize near support.

Market Snapshot:

24h High: $0.00002365

24h Low: $0.00002201

Volume: 15.07T PEPE ($346.29M USDT)

Key Levels to Watch:

Support: $0.00002200 – Critical zone to defend. A breakdown could lead to further declines.

Resistance: $0.00002300 / $0.00002365 – A push above $0.000023 could signal recovery toward upper resistance zones.

Market Sentiment:

Bearish Outlook: Price remains under pressure, with resistance limiting recovery attempts.

Bullish Possibility: Reclaiming $0.00002350 could attract fresh buying, targeting $0.00002400 levels.

Target Analysis:

Short-term Upside: $0.00002350 / $0.00002400

Breakout Zone: $0.00002500 for stronger bullish momentum.

PEPE is at a make-or-break level. Bulls need to defend $0.00002200 to avoid further downside while volume recovery could trigger a bounce toward key resistance.

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