🔥 Currency $PEPE between the fear of collapse and the greed for a mysterious rebound! 🐸💰
📉 The price is at 0.00001081 inside a descending channel since the peak of 0.00001475 ➝ peaks and troughs are falling successively.
📊 Moving averages (EMA7
⚡ RSI indicator ~32 is approaching oversold ➝ potential short rebound but the trend is still weak.
🔑 Key levels:
⚡️ Resistances: 0.00001096 ➝ then 0.00001135–0.00001150 (trend reversal area).
⚡️ Supports: 0.00001020 ➝ 0.00000987 ➝ breaking it may lead to 0.00000916.
🎯 Possible scenarios:
1️⃣ Sell near 0.00001096 with a stop at 0.00001155 ➝ targets 0.00001020 and 0.00000987.
2️⃣ Short rebound only if a strong reversal candle appears near 0.00001000.
#MarketTurbulence #CPIWatch #HotJulyPPI #REVABinanceTGE #DeFiGetsGraded
