PEPE was rejected at $0.00000920, falling nearly 10% in 48 hours: What to do now
PEPE was blocked at the key resistance level of $0.00000920, causing its price to fall by about 9.17% in the past 48 hours. This price action shows continued bearish pressure.
According to the analysis of indicators and liquidation data, the market is still facing downside risks. PEPE's recent movements indicate that prices may continue to fall in the future.
Prior to this, PEPE encountered selling pressure at the key resistance level after building bullish momentum and rising by 17.80% in the past three days. This shows that investors lack confidence in breaking through this resistance level, causing the price to fall back.
In recent days, PEPE has indeed experienced a continuous rise, attracting a large number of buyers to push up the price. However, when the price tried to break through the key resistance level of $0.00000920, it encountered strong resistance.
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This key price point proved to be extremely difficult to break through, resulting in a clear price rejection. As the breakout failed, PEPE's price quickly fell. Over the past 48 hours, the token has lost about 9.17% of its value. This sharp decline has wiped out recent gains, putting it back into a bearish trend.
