🚨 PEPE/USDT: Bearish Momentum Ahead? 🚨

The latest chart shows significant price action. Here’s a detailed analysis:

Key Observations:

Price Levels:

mVAH (High): 0.00001304

POC: 0.00001250

mVAL (Low): 0.00001063

Current Price: Below the POC, trending towards mVAL.

RSI: Dropping, indicating potential oversold conditions.

Analysis:

Bearish Momentum: Price is breaking below key support, signaling a downtrend.

Volume Profile: Strong resistance near POC, suggesting selling pressure.

Support Zone: Watch for potential support at mVAL (0.00001063).

Strategy:

Short-term Traders: Look for short opportunities until reversal signals appear.

Long-term Holders: Monitor RSI for a bounce from oversold levels.

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