Price Analysis: The downward spiral deepens... #pepe⚡ has nearly dropped to 50%... It really is a big loser... What the hell is going on...?

$PEPE is trading at $0.00001505, with a decline of 22.02% in the last 24 hours. This sharp drop comes after testing a high of $0.00001972, and the price is now at its daily low. The ongoing bearish trend indicates strong selling pressure, forcing the price into critical support zones.

Key levels to watch:

Support: $0.00001500: a break below this level could lead $PEPE to test $0.00001290.

Resistance: $0.00001750 – Bulls must reclaim this area to have any chance of recovery.

Trade setup:

Entry point: Around $0.00001505 for short-term speculative trades.

Targets:

1. $0.00001680 (short-term resistance)

2. $0.00001900 (important recovery zone)

Risk management:

Stop-loss: $0.00001470 to minimize downside exposure.

Market information:

The volatility of $PEPE is increasing, with sellers firmly in control. However, oversold indicators could attract buyers in the short term. Keep an eye on volume increases near the support of $0.00001500, as it could provide a potential reversal opportunity. Patience is recommended for risk-averse traders.