$PEPE /USDT Bearish Continuation After Failed Recovery
Technical Analysis:
The 15m chart shows $PEPE rejected hard at 0.000000630 resistance, forming a lower high after a brief bounce from 0.000000603. Price now trades below key support at 0.000000612 with increasing sell volume (8.14T PEPE in 24h). Momentum favors bears as the candle closes near the low, signaling continuation of the -8.11% daily drop.
Trade Setup:
Entry range: 0.000000605 – 0.000000610
Target 1: 0.000000590
Target 2: 0.000000570
Target 3: 0.000000550
Stop loss (SL): 0.000000632
Short Outlook:
Bearish bias intact. Weak volume on green candles and failure to reclaim 0.000000612 confirms seller control. Expect deeper correction toward 0.00000055 zone unless 0.00000063 flips to support.