$PEPE /USDT Update: Testing Critical Support Amid Heavy Sell-Off
$PEPE is facing significant bearish pressure, currently trading at 0.00009679 after a sharp 9.59% drop from its recent highs. After reaching a 24-hour high of 0.00002297, the price has fallen to test the 24-hour low of 0.00002058, a crucial support zone. If this level fails to hold, the decline could extend to 0.00002050, reinforcing the bearish trend.
Traders should watch closely for signs of stabilization at this support, as a rebound could spark a strong recovery. For a potential reversal, bulls need to reclaim the immediate resistance at 0.00002147. A break above this level could pave the way for a rally back to the 0.00002297 peak, signaling renewed buying interest.
Monitor volume and momentum indicators to confirm the next move. Maintain tight stop-losses and prepare for volatility, as PEPE remains a high-risk yet closely followed meme coin. Stay sharp for the next opportunity.
