PEPE falls with the market and rebounds weakly

Trading volume analysis: PEPE's trading volume has increased significantly during the recent decline, indicating that selling pressure has increased. However, the price has stabilized and the trading volume has also fallen, which may indicate that the selling pressure has weakened and the market is looking for support.

3. Support and resistance levels: Support level: The current support level is around 0.0000072000 USDT, which is the low point of the previous price rebound. Resistance level: The upper resistance is around 0.0000078500 USDT, which is the intersection of MA5 and MA10, and the high point of the previous price decline.

4. : If the market can hold the current support level and accompanied by an increase in trading volume, the price may rebound to near the resistance level in the short term.

Judging from the overall market sentiment, PEPE is currently in a correction period, and investors should operate cautiously and wait for clear trend signals. Possible rebound: If the price stabilizes at the support level of 0.0000072000 USDT and the trading volume increases, there may be a short-term rebound, with the target at 0.0000078500 USDT.

Medusa believes that pepe is at great risk of continuing to fall as the spot market continues. If it falls below the support level, it may further fall to a lower support area.

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