#market Summary: The Fall of #PEPE/USDT – March 07, 2025
Price: #PEPE/USDT is at $0.00000615, down 8.75% in 24 hours, with a high of $0.00000684 and a low of $0.00000611. Trading volume: 10.46T PEPE ($68.19M USD).
#Technical Insights:
Moving Averages: MA(7) at $0.00000977 and MA(25) at $0.00001410, both above the current price, indicating bearish momentum.
Trend: Price fell from $0.00002836 peak, breaking support at $0.00001143, now in a descending channel.
#RSI : 19.01 (oversold), suggesting a potential short-term bounce.
Reasons for Decline: Profit-taking, reduced meme coin hype, broken support levels, and broader market corrections.
Key Levels: Support at $0.00000611 and $0.00000274; resistance at $0.00001143 and $0.00001410.
Outlook: Bearish trend persists, but oversold RSI may signal a brief recovery. Monitor key levels for reversal signs.
Disclaimer: This is not financial advice. Cryptocurrency trading involves high risk.
