$PEPE /USDT: Testing Support as Bears Dominate
$PEPE is trading at $0.00002224 (-5.20%), reflecting notable selling pressure after touching a 24h low of $0.00002201. Traders are observing whether the meme coin can stabilize near support.
Market Snapshot:
24h High: $0.00002365
24h Low: $0.00002201
Volume: 15.07T PEPE ($346.29M USDT)
Key Levels to Watch:
Support: $0.00002200 – Critical zone to defend. A breakdown could lead to further declines.
Resistance: $0.00002300 / $0.00002365 – A push above $0.000023 could signal recovery toward upper resistance zones.
Market Sentiment:
Bearish Outlook: Price remains under pressure, with resistance limiting recovery attempts.
Bullish Possibility: Reclaiming $0.00002350 could attract fresh buying, targeting $0.00002400 levels.
Target Analysis:
Short-term Upside: $0.00002350 / $0.00002400
Breakout Zone: $0.00002500 for stronger bullish momentum.
PEPE is at a make-or-break level. Bulls need to defend $0.00002200 to avoid further downside while volume recovery could trigger a bounce toward key resistance.
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