$PEPE /USDT Oversold and Near Key Support – Is a Bounce Imminent? $PEPE is currently trading at $0.00001895, down by -8.63% after reaching a 24-hour high of $0.00002109 and testing its low at $0.00001882. The RSI has plunged to 8.21, signaling an extremely oversold condition and potential for a relief bounce.
Key Levels to Watch:
Resistance: $0.00001963 – A break above could trigger a move toward $0.00002058.
Support: $0.00001882 – A breakdown may push PEPE to $0.00001850 or lower.
Trade Setup:
Long Entry: Above $0.00001900, targeting $0.00001963 and $0.00002058.
Short Entry: Below $0.00001882, with targets at $0.00001850 and $0.00001800.
Stop-Loss: Set at $0.00001975 for longs or $0.00001875 for shorts.
Market Insight:
With the RSI at such oversold levels, a short-term rebound is likely if buyers step in near support. However, selling pressure remains high, as shown by the MACD and volume spikes. Monitor closely for breakout confirmation before entering trades.