$PEPE / USDT UNDER PRESSURE AFTER FAILED BREAKOUT AT $0.00001512 ๐ธ
{spot}(PEPEUSDT)
After briefly tagging a 24-hour high of $0.00001512, $PEPE faced heavy selling pressure and reversed sharply. The meme coin is now trading near $0.00001365, reflecting a classic short-term downtrend with lower highs and lower lows clearly visible on the 1H chart. This structure points to increasing bearish momentum dominating the current price action.
๐ Market Data:
24H High: $0.00001512
24H Low: $0.00001337
Volume: 32.68T PEPE / 464.97M USDT
๐ Key Technical Levels:
Resistance: $0.00001405 โ $0.00001512
Support: $0.00001328
Breakdown Risk: A close below $0.00001337 could open the door to new local lows
โ ๏ธ Whatโs Next for PEPE?
Bulls are on notice โ PEPE must reclaim $0.00001380+ soon to avoid deeper consolidation or a possible retest of lower supports. Until then, the path of least resistance appears to be downward.
Stay sharp and manage your positions accordingly.
๐ #PEPE #MemeCoin #CryptoAnalysis #PEPEUSDT #BinanceTraders #TechnicalAnalysis