$PEPE PEPE/USDT is currently in a strong downward trend, with the price at 0.00000858 after a drop of more than 6%. It previously reached an important support level at 0.00000830 and has slightly rebounded from it.

Technical Indicators

The Relative Strength Index (RSI) is at a very low level (around 8.7), which means that the currency is in a state of overselling and is likely to be followed by a temporary rebound.

The Stochastic RSI is still low, but it has started to give slight signals for a potential rebound.

The MACD is still negative, indicating that the selling momentum has not stopped yet.

Price behavior shows that there is ongoing selling pressure, and there are no strong candles indicating a clear reversal yet. The market is calm but leaning towards fear.

Should you enter now?

If you are looking for a quick trade (speculative)

You might consider entering a very light buy from the current price.

The quick target would be around 0.00000920.

Stop loss below 0.00000820.

However, if you are a conservative trader or afraid of taking risks,

It is better to wait for confirmation from the market, such as:

A strong reversal candle

Or a clear rise above 0.00000920 with positive momentum.