$PEPE /USDT :

PEPE

0.00000816

-2.27%

🧭 Market Structure

Current Price: 0.000000812

Structure: Bearish trend continues with consecutive Breaks of Structure (BoS) to the downside.

Lower highs and lower lows are consistent; a clear downtrend channel is forming.

📉 Trendline & Supply Zones

The downtrend line is respected multiple times, acting as dynamic resistance.

Multiple supply zones above:

0.000000840–0.000000860: Local supply zone with rejection.

0.000000880–0.000000900+: Stronger resistance cluster.

🟩 Support Levels

Current support around 0.000000810–0.000000800: Price is hovering just above this recent low.

A break below could target:

0.000000780

Possibly lower into untested demand

📊 RSI (Momentum)

RSI (14): 37.10 — entering oversold territory

Suggests momentum is weak, but potential for short-term bounce exists if bulls show up.

🔄 Scenarios

🟢 Bullish Setup (Counter-Trend)

Look for a bullish divergence on RSI or strong wick rejection at 0.000000800.

Short-term scalp target would be:

First: 0.000000840

Second: 0.000000860 (supply + trendline)

🔴 Bearish Continuation

If price breaks and closes below 0.000000800, expect:

Continuation lower, targeting previous demand zones

Next Fibonacci/structure levels below