$PEPE

💡 Quick technical analysis for PEPE/USDT:

✅ Sharp decline but with bounce signals!

- Current price: 0.00000868 (-3.56%), with a noticeable drop in volume (13.33T PEPE).

- Critical area: 24h Low at 0.00000845 (strong support), and 24h High at 0.00000916 (resistance).

✅ Technical indicators suggest oversold conditions!

- RSI(6) at 41.85: has not yet reached the oversold area (30), but is close, which may indicate a near bounce.

- MACD is negative but converging: potential crossover if positive momentum continues.

- Nearby support levels: 0.00000845 (immediate support), then 0.00000820 (strong historical support).

🚀 Expected scenario:

1. Bullish scenario: If the price bounces from 0.00000845 and breaks 0.00000891 (medium resistance), it may target 0.00000916 again.

2. Bearish scenario: If it breaks 0.00000845, it could drop to 0.00000820 or lower.

$PEPE

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📊 Technical pattern analysis – Are we witnessing the formation of a reversal pattern?

🔍 'Double Bottom' pattern:

- If the price bounces from 0.00000845 twice, it could form a double bottom, enhancing the chance of an upward move.

- Breaking the resistance at 0.00000891 will support this pattern.

🔍 'Falling Wedge' pattern:

- Price movement within descending channels with narrowing range may end with a bullish bounce.

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🚨 Support signals:

- Low trading volumes: could indicate the end of the selling wave.

- News volatility: Suspicious trades (like $4.28M on PEPE) could cause sudden fluctuations.

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🎯 Recommendations:

✅ For ambitious traders:

- Wait for confirmation of the bounce from 0.00000845 with increased volumes.

- Target 0.00000891 then 0.00000916 if the breakout occurs.

⛔ Risk management:

- Set a stop loss below 0.00000840 to avoid significant losses.

- Avoid entering with all capital at once.

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💬 My personal opinion:

PEPE is in a sensitive area! Indicators suggest a possible bounce, but external news (like suspicious trades) could negatively impact it. Cautious optimism is required!

$PEPE

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📢 Share your opinion!

Do you think PEPE will bounce back soon? Or will the decline continue? 💬👇

#PEPE‏