🚨 PEPE Update: Bears Taking Control? 🚨

Hey guys! $PEPE has slipped by 1.54%, with the price now sitting at 0.00000765. The chart is showing signs of bearish dominance, and it’s critical to watch the key levels to anticipate PEPE’s next move.

Key Levels to Watch:

🔑 Support:

0.00000755 is the immediate support level, and it’s being tested as we speak. If this level fails, the next key support could be around 0.00000700.

🚀 Resistance:

On the upside, the immediate resistance lies at 0.00000796 (EMA(7)). Beyond that, 0.00000837 (EMA(25)) is another significant level to watch. A break above these would be necessary to shift the momentum back to the bulls.

Indicator Insights:

📉 Moving Averages:

PEPE is currently trading below all significant EMAs (7, 25, 99), indicating a strong bearish trend. The EMA(7) and EMA(25) are both acting as resistance, limiting any potential upward movement.

📊 MACD:

The MACD remains in bearish territory with minimal improvement, suggesting that downward pressure is still strong. A bullish crossover is needed to signal any possible reversal.

📈 RSI:

The RSI is at 37.11, indicating that PEPE is close to oversold territory. This could suggest a potential bounce, but the overall trend remains weak unless the RSI crosses back above 50.

Conclusion:

PEPE is under significant bearish pressure, and the critical support at 0.00000755 is the level to watch. Bulls need to defend this level to prevent further declines, while a break above 0.00000796 would be a first step toward recovery. The market is at a pivotal point—stay alert for any shifts in momentum.

💬 What’s your take on PEPE’s current situation? Will the bears maintain control, or can the bulls stage a comeback? Share your thoughts below! 🔥

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