🐸 PEPE under pressure: Bounce or more falls? 🐸
The price of $PEPE shows a clear downward trend after losing key support at 0.00000869 and breaking the upward trend line. Currently, the main support is at 0.00000326, an area where the price could attempt a technical bounce in the short term.
However, as long as it does not recover the resistance at 0.00000981 and surpass the downward trend line, the outlook remains negative. If the support gives way, we could see new lows in the coming days. In the medium term, recovery will depend on a change in market sentiment and greater buying volume.
Stay alert for the upcoming movements and manage your risk!
