Analysis of #Pepe

Recent Downward Trend:

## Market Overview

Observing the data from the last 24 hours, PEPE is currently trading at **0.00001069**, showing a slight recovery in the last hour after a significant downward trend.

## Key Chart Observations

- **Recent Decline:** PEPE has fallen approximately **6%** in the last 24 hours, from 0.00001136 to 0.00001069

- **Trading Volume:** There was a notable increase in volume during the declines, especially between 03:00 and 05:00, indicating strong selling pressure

- **Current Support:** The price appears to be finding support near 0.00001056

## Market Context

According to recent news:

- The cryptocurrency market experienced **$626 million in liquidations** in the last 24 hours, with 93.3% being long positions

- Several meme coins are undergoing adjustments, with only Dogecoin maintaining stability while PEPE and others fall

- Some analysts compare the current moment to November 2021, suggesting a possible "Double Top," although others argue that the fundamental conditions are different

## Outlook

PEPE is showing signs of stabilization after the decline, with attempts to recover in the last hours. However, recent selling pressure has been significant, and investors should watch whether the current support will hold.

To trade PEPE safely and take advantage of market opportunities, consider using Binance's advanced trading tools, which offer stop-loss and take-profit options to manage risks in volatile coins like PEPE.

Tip, before 10:30 AM the next day, observe the moment the American market opens to see if it will fall further; it may be time to exit.