$PEPE has been on my radar as the price consolidates at $0.00000623 after a minor pullback. With market conditions stabilizing, there’s potential for a strong recovery or a deeper dip depending on key support levels. Let's break down the setup:
Market Overview:
Current Price: $0.00000623
24h High: $0.00000642
24h Low: $0.00000578
Volume (USDT): 196.43M
📉 MACD Momentum:
DIF: -0.00000004 (Indicating weak bearish pressure)
DEA: -0.00000007 (Weak continuation)
MACD: 0.00000003 (Neutral, waiting for a clear direction)
Bullish Setup (Above $0.00000580):
Entry Point: $0.00000620
Targets: $0.00000640 → $0.00000650 → $0.00000680+
Stop Loss: $0.00000570
Bearish Scenario (If Price Drops Below $0.00000570):
Entry Point: $0.00000570
Targets: $0.00000550 → $0.00000520 → $0.00000500
Stop Loss: $0.00000610
What to Watch: The volume’s low and MACD’s neutral stance means we need confirmation. A break above $0.00000620 could fuel further upside, while failure to break this level could signal downside continuation.
Risk Management: The key here is to play it smart. If $PEPE fails to reclaim $0.00000620 with strong volume, it’s best to stay cautious and wait for confirmation before entering long.
Are you buying this dip or waiting for stronger confirmation? Drop your thoughts below!
