The $PEPE token has experienced a dramatic decline of 30% over the past two days, indicating a strong bearish trend. With a current price of 0.0000085, $PEPE is nearing its recent low of 0.00000828. Here are the key points to consider:

Key Points:

- Current Price: 0.0000085

- Recent Low: 0.00000828

- Recent High: 0.0000095

- Price Movement: -30% over the past two days

- Trend: Short-term: Bearish, Long-term: Neutral

Support Levels:

- 0.00000828 (recent low, major support)

- 0.0000080 (minor support)

- 0.0000075 (long-term support)

Resistance Levels:

- 0.0000088 (minor resistance)

- 0.0000090 (psychological resistance)

- 0.0000095 (recent high, major resistance)

Indicators:

- RSI (14): 25.60 (oversold)

- MACD (12, 26): -0.000002 (bearish)

- Bollinger Bands: Price is near the lower band, indicating oversold conditions

Analysis:

The recent price action of $PEPE suggests a potential trend reversal. After a sharp decline of 30% over the past two days, $PEPE is now trading near its recent low of 0.00000828. The oversold conditions and proximity to support levels indicate a possible bounce or consolidation. However, a break below 0.00000828 could lead to further downward movement. A reversal or breakout above 0.0000095 is needed to regain bullish momentum.

Conclusion:

$PEPE's sharp decline suggests a potential trend reversal. The oversold conditions and proximity to the recent low indicate a possible bounce or consolidation. However, a break below 0.00000828 could lead to further downward movement. A reversal or breakout above 0.0000095 is needed to regain bullish momentum.

Will $PEPE regain its footing or continue its downward spiral?

$PEPE #July_NonFarmPayrolls_Shock #PEPE_EXPERT #BearishAlert #US_Job_Market_Slowdown