#pepe The PEPE/USDT chart shows that the price is moving downward in the short term. Right now, PEPE is trading at 0.00000398, which is below the short-term (7) and mid-term (25) moving averages at 0.00000401. This means sellers are currently in control. The long-term moving average (99) at 0.00000413 is acting as a strong resistance level.
Recently, the price tried to move higher but was rejected, showing weakness. Now it is getting close to its 24-hour low of 0.00000393. Trading volume is average, so there is no strong buying interest yet.
Overall, the short-term trend is bearish, so caution is needed.
Possible scenarios:
If the price holds above 0.00000393 and shows signs of a bounce, traders may consider a short-term buy, but only with a tight stop-loss below support.
If the price breaks clearly below 0.00000393, it could lead to further decline, which may create a short-selling opportunity.
It’s best to wait for confirmation, such as:
A bullish candle pattern near support for buying, or
A strong breakdown with higher volume for selling.