๐จ PEPE/USDT Bearish Breakdown: Trend Update, Support, Resistance & Next Move! ๐๐
The PEPE/USDT chart is signaling a rough ride, with a clear downward (bearish) trend dominating since late May! ๐๐ฌ Letโs dive into the latest analysis and key levels to watch! ๐ช๏ธ
Current Trend: โฌ๏ธ
The candlesticks show lower highs and lower lows, with recent red candles fueling the bearish momentum. Itโs a downtrend party right nowโbrace yourself! ๐จ
Resistance Zones: โฌ๏ธ
0.00001258 - 0.00001300: The immediate resistance zone where PEPE has hit a wall multiple times in late May and early June. A breakout here needs serious power! ๐ช
0.00001511 - 0.00001720: A stronger resistance from mid-May highs. Only a major market shift could push it this far! ๐
Support Zones: โฌ๏ธ
0.00001191 - 0.00001200: The current immediate support PEPE is testing. Hold or break here is the big question! โ ๏ธ
0.00001041 - 0.00001100: Next support if the current level failsโwatch this floor closely! ๐ง
0.00000915 - 0.00001000: A key support zone for potential buying interest. ๐
0.00000816: A historical support level to keep on your radar. ๐
0.00000577 - 0.00000700: Lower supports if the bearish trend deepens. โ๏ธ
0.00000389: The lowest visible support from early Mayโlast line of defense! ๐ก๏ธ
Next Move Update: ๐ฏ
Likely Scenario (Downtrend Continuation): PEPE might test the 0.00001191 - 0.00001200 support further. A break below could send it sliding to 0.00001041 - 0.00001100 or even 0.00000915 - 0.00001000. ๐
Potential Bounce:
A strong buy-in at the current support could spark a short-term rally toward 0.00001258 - 0.00001300, but itโs likely a relief move unless a big catalyst hits! ๐
Key Indicator:
๐ Watch the volume! High selling volume on drops confirms the bearish run, while a surge in buying at support could hint at a reversal. ๐ง
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