๐จ $PEPE /USDT โ Oversold Meme Gem or Just Dumping Hard? ๐ธ๐
$PEPE is down -3.80%, currently trading at $0.00000961, deep into correction territory. With RSI in extreme oversold and price flirting with critical support, is a meme-powered bounce coming?
๐ Market Overview
๐ Current Price: $0.00000961
๐ 24h High: $0.00001012
โ๏ธ 24h Low: $0.00000946
๐ Parabolic SAR: ~$0.00000935 (support zone holding for now)
๐ MACD Momentum:
DIF & DEA: Bearish crossover
MACD Histogram: Deep red โ Caution: selling pressure building
๐ RSI (6): 9.67 (Severely oversold โ potential for relief bounce)
๐ Moving Averages (Trend Watch):
MA(7): 0.00000986
MA(25): 0.00000990
MA(99): 0.00001014
๐ PEPE Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If PEPE Holds Above $0.00000946):
Entry: Above $0.00000970
Targets: $0.00001012, $0.00001075, $0.00001121
Stop-Loss: $0.00000930
๐น Bearish Scenario (If PEPE Breaks Below $0.00000930):
Entry: Below $0.00000930
Targets: $0.00000900, $0.00000860, $0.00000820
Stop-Loss: $0.00000975
๐ Should You Hold or Bail?
โ RSI near 9 = Bounce likely in short term
โ Holding above $0.00000946 = Weak but intact support
โ ๏ธ Price below all key MAs = Still in a bearish structure
๐ก Pro Tip:
Wait for a bullish engulfing candle or spike in volume near $0.00000950 to confirm reversal. Otherwise, trend may stay bearish despite oversold signals.
๐ข Meme tradersโbuying the dip or letting it bleed? Letโs talk setups below!
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