$PEPE /USDT Technical Analysis: Bearish Pressure Continues

Current Price: $0.00001803 (-10.92%)

24H High: $0.00002044

24H Low: $0.00001788

Volume (24H): 406.44M

Market Overview:

$PEPE /USDT has faced significant selling pressure, pushing the price closer to the $0.00001788 support zone. This bearish momentum reflects uncertainty among traders, with a sharp decline from the recent $0.00001893 recovery attempt.

Key Levels to Watch:

Immediate Resistance: $0.00001860 | $0.00001893

Support Zones: $0.00001788 | $0.00001750

Technical Indicators:

RSI is oversold, indicating a potential relief bounce but remains bearish overall.

Volume shows strong selling activity, suggesting caution for long entries.

Trading Insights:

Short Opportunity: Consider short positions near $0.00001860 if resistance holds, targeting $0.00001750 with a stop-loss above $0.00001893.

Long Strategy: Enter cautiously near $0.00001788 support, targeting $0.00001860 with a stop-loss below $0.00001750.

PEPE remains under strong bearish influence. A breakdown below $0.00001788 could open doors to further declines. Monitor trading volumes and key levels closely.

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