PEPE at $0.00001700: Breaking Point?

PEPE, the famous meme token, has fallen below a crucial support level at $0.00001700, raising concerns about the next phase of price action. The battle between bulls and bears has intensified, with the market eagerly watching to see if this level can hold.

📉 Current Situation:

The failure to maintain bullish momentum has triggered a correction, with PEPE trading at $0.00001748. Key technical indicators, including bearish crossovers on the 100-day SMA, suggest that the downtrend may continue unless bulls regain control.