Predicting the next move of PEPE/USDT based on this chart requires analyzing trends, indicators, and market sentiment. Here’s what I observe:

Current Market Overview

1. Price Trend: PEPE is in a downtrend (-12.74% in 24h).

2. Moving Averages:

MA(7): 0.00000588

MA(25): 0.00000589

MA(99): 0.00000628

The price is below all these MAs, which suggests bearish momentum.

3. Support & Resistance:

Support: 0.00000572 (recent low)

Resistance: 0.00000623 (recent high)

4. Volume: Declining, suggesting weakening buyer interest.

5. Order Book: More sell orders (63.18%) than buy orders (36.82%), meaning selling pressure is dominant.

Possible Scenarios

Bearish Scenario (More Likely): If PEPE breaks below 0.00000572, it could drop further.

Bullish Scenario: If it finds support around 0.00000572 and buyers step in, a rebound towards 0.00000600+ is possible.

Conclusion

Short-term, the trend is bearish. Watch for a break below 0.00000572 for further downside or a reversal signal with increased buying volume.

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