🚨 PEPE Is Sliding Further – Where Will It Find Support? 🚨

Hey guys! $PEPE has continued its decline, now down 2.50% to 0.00000751. The bearish momentum is intensifying, and we are all watching closely to see where it might find a solid support. Let’s dive into the chart to identify key levels and what they mean for PEPE’s short-term future.

Key Levels to Watch:

🔑 Support:

0.00000700 is emerging as a critical support level, and it’s not far from the current price. If PEPE breaks below this level, the next potential support could be around 0.00000650, where we saw previous accumulation.

🚀 Resistance:

On the upside, the nearest resistance lies at 0.00000779 (EMA(7)). Breaking above this would be the first step in any potential recovery. Further resistance is seen at 0.00000826 (EMA(25)), which has consistently capped any upward movements.

Indicator Insights:

📉 Moving Averages:

PEPE is trading below all significant EMAs (7, 25, 99), reinforcing the bearish trend. The EMA(7) and EMA(25) are particularly strong resistance points that need to be overcome for any bullish reversal.

📊 MACD:

The MACD is deep in bearish territory, with the histogram continuing to print red. This suggests that bearish momentum is still strong, and we might see further downside unless there’s a significant shift.

📈 RSI:

The RSI is at 35.03, indicating that PEPE is approaching oversold territory. While this could suggest a potential bounce, it also confirms the current weakness in the market.

Conclusion:

PEPE is at a critical juncture, with the 0.00000700 support level being crucial for the bulls to defend. A break below this could lead to a sharper decline, while a bounce from this level might provide some relief. Watch these levels closely and be prepared for potential volatility in the coming days.

💬 Do you think PEPE can hold its ground at the current support, or are we headed lower? Share your thoughts below! 🔥

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