Here's a breakdown of the PEPE/USDT

1. Time Frame

The chart is set to the 15-minute timeframe.

2. Indicators

Bollinger Bands are displayed, helping to measure volatility and potential reversal points.

Volume bars are shown at the bottom, indicating the strength of price moves.

3. Support and Resistance Levels

Resistance is marked at around 0.00001512.

Support is drawn near 0.00001337.

4. Recent Price Action

There was a strong upward breakout, followed by a sharp pullback.

After peaking near resistance, the price reversed and is now trending downward.

Price currently sits near 0.00001382, slightly above support.

5. Observations

The Bollinger Bands have widened during the breakout, indicating high volatility.

The price re-tested the middle Bollinger band during the downtrend but continued lower.

Volume increased during the breakout and declined as the trend reversed, typical of exhaustion.

6. What to Watch For

If support at 0.00001337 fails, expect further downside.

If price consolidates and volume picks up again near support, a bounce or reversal could occur.

Watch for bullish candles with increasing volume near the lower Bollinger band for potential entry signals.