PEPE/USDT Slips 7% – Testing Key Support as RSI Nears Oversold

Price Snapshot:

Current Price: $0.00001337

24H High: $0.00001446

24H Low: $0.00001336

24H Change: -7.28%

Volume (24H): 20.58T PEPE / 286.12M USDT

Timeframe: 1 Hour

Technical Breakdown:

EMA Levels:

EMA(7): 0.00001365

EMA(25): 0.00001386

EMA(99): 0.00001356

Support Level: $0.00001336 (local bottom, near EMA-99)

Resistance Zone: $0.00001388 – $0.00001446

Indicators:

RSI (6): 29.12 – Approaching Oversold Territory

Volume: Surge during sell-off indicates panic exit

MA(5) > MA(10): Bearish short-term crossover

Chart Behavior:

PEPE has retraced sharply from its recent high of $0.00001446, now sitting just above a critical support level at $0.00001336. The EMAs are in bearish alignment (7 < 25 < 99), suggesting downward momentum is still intact. The latest candle shows strong bearish pressure with a long red body and high volume — a signal of capitulation.

Market Sentiment:

Short-Term: Bearish; potential for a dead-cat bounce if support holds.

Mid-Term: Consolidation expected unless $0.00001336 is decisively broken.

Long-Term: Slightly bullish (1-year growth: +27.24%), but under pressure from 180-day decline (-39.19%).

Outlook:

If $0.00001336 breaks: PEPE could head toward $0.00001300 or lower.

If it holds: A bounce to retest EMA-25 near $0.00001386 is likely, especially if RSI rebounds from oversold.

Conclusion:

PEPE is at a critical juncture. While the trend is currently bearish, RSI nearing oversold could trigger a short-term recovery. Watch for volume changes and reaction around $0.00001336.

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Disclaimer:

This content is for informational purposes only and does not constitute financial or investment advice. Always do your own research. I am not responsible for any trading losses.