$PEPE /USDT Heavy Selling Pressure – Testing Critical Support #PEPE is currently trading at $0.00001831, down -10.46%, with a 24-hour high of $0.00002073 and a low of $0.00001823. The RSI is at an extreme 8.22, indicating heavily oversold conditions, while the MACD continues to show strong bearish momentum.
Key Levels to Watch:
Resistance: $0.00001890 – A recovery above this level could push PEPE toward $0.00002000 and $0.00002100.
Support: $0.00001820 – Losing this level could extend the decline to $0.00001750 and $0.00001700.
Trade Setup:
Long Entry: Above $0.00001850, targeting $0.00001950 and $0.00002050.
Short Entry: Below $0.00001820, targeting $0.00001750 and $0.00001700.
Stop-Loss: $0.00001820 for longs and $0.00001850 for shorts.
Market Insight:
PEPE is experiencing sustained bearish pressure, but the oversold RSI suggests a possible relief rally. Traders should monitor the $0.00001820 support level closely, as a breakdown could lead to further losses, while a bounce above resistance may signal a short-term recovery.