$PEPE /USDT TECHNICAL ANALYSIS: BEARS PRESSURE AS SUPPORT ZONE NEARS BREAKDOWN

$PEPE /USDT pair is currently showing bearish momentum, trading at 0.00001242, down 0.56% on the day. The price is hovering just above a key support level at 0.00001235 – 0.00001221, with consistent lower highs forming around 0.00001400 and 0.00001388, indicating weakening buyer strength.

🔍 Key Observations:

Resistance Levels:

Major resistance at 0.00001400, tested but not broken.

Minor resistance zones at 0.00001380 – 0.00001388 where selling pressure has increased.

Support Levels:

Immediate support at 0.00001221, the last defensive zone before a potential drop to 0.00001200.

Stronger psychological support at 0.00001200, where bulls may attempt a bounce.

Order Book Insight:

Tight spread with SELL wall at 0.00001242 and BUY interest at 0.00001241 reflects indecision.

Larger volumes have been observed between 0.00001360 down to 0.00001200, suggesting accumulation or slow distribution.

Short-Term Outlook:

If 0.00001221 breaks, expect downward momentum towards 0.00001200 and possibly 0.00001180.

On the upside, a break above 0.00001300 and a close above 0.00001340 could signal a short-term reversal.

📊 Verdict:

As of now, bears remain in control, and unless PEPE defends the 0.00001220–0.00001200 support zone, the market may witness further downside. Caution is advised until a clear bullish signal emerges.

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