📉 PEPE: The Dip is Deep, But Where’s the Floor?
$PEPE Ouch! Looking at the PEPE/USDT chart is a reminder of crypto volatility. We're sitting at $0.00000592, down over 53% in the last year. The Moving Averages (MA) are telling a clear story: the MA(7), MA(25), and MA(99) are all above the current price, confirming a strong bearish trend.
$PEPE However, the price is consolidating right now around the $0.00000593 level, which seems to be acting as a short-term support zone after that recent sharp drop. Volume is decent, which means traders are active at this level. Is this the moment of accumulation before a bounce, or just a temporary pause before another leg down? The market is testing the waters! Keep an eye on that $0.00000565 low.
What's your move: Buy the fear, or wait for confirmation?
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