📉 $PEPE Update: Steep Decline Continues! 📉

Hello guys! PEPE is enduring another tough session, with the price now sliding further. Here’s a detailed breakdown from the latest 1-hour chart:

🔹 Current Price: 0.00000941 USDT

🔹 24-Hour Change: -6.55% (The slide deepens 😟)

Key Indicators:

1. Moving Averages:

- EMA (7): 0.00000937

- EMA (25): 0.00000966

- EMA (99): 0.00001031

The price continues to trade below all significant EMAs, signaling a bearish trend. 📉

2. Volume:

- 124.3 Billion (Consistent with recent activity 📊)

Volume remains high as sellers push the price lower.

3. MACD:

- DIF: -0.00000024

- DEA: -0.00000025

- MACD Histogram: 0.00000001

The MACD suggests the bearish momentum is still strong, with little sign of easing. 🐻

4. RSI (6):

- 49.33

The RSI is nearing the oversold threshold, which could signal a potential for a slight recovery or stabilization, but caution is still advised. ⚠️

Support and Resistance:

- Support: 0.00000888

- Resistance: 0.00001023

Price is edging closer to the support level. Its ability to hold or break will be critical for the next market direction. 🎯

Conclusion:

PEPE is facing significant bearish pressure, continuing its downward trajectory. The current levels might offer a buying opportunity for the brave, but it's essential to proceed with caution given the strong selling momentum. Will we see a bounce back at the support, or is there more pain ahead? Keep your eyes peeled!

Stay safe, stay informed, and let's hope for some sunshine after this storm! 🌦️

#Crypto #Trading #PEPE #TechnicalAnalysis #CryptoCommunity