$PEPE ##PEPE

PEPE/USDC – 5-Minute Chart Analysis (July 23)

Price: 0.00001325

24h Change: -4.54%

Volume (24h): PEPE: 4.19T | USDC: 57.81M

Timeframe: 5-Minute (Short-Term Scalping Insight)

---

🔍 Technical Indicators Breakdown

📉 Trend & Candlestick Analysis

Current Trend: Strong downtrend with consistent lower highs and lower lows.

Recent Low: 0.00001322 (just hit and slightly bounced)

Bearish Momentum: Clear bearish candles dominate with very small wicks = strong selling pressure.

📊 Bollinger Bands (20,2)

Upper Band: 0.00001388

Middle Band (MB): 0.00001358

Lower Band: 0.00001328

Price Below Lower Band: Sign of potential oversold condition, but may continue lower due to momentum.

📉 MACD

MACD Line: -0.00000004

Signal Line: -0.00000006

Histogram: Bearish bars increasing in size = momentum building to downside

📉 RSI (6):

Current RSI: 19.81 = heavily oversold

This indicates a possible short-term bounce, but not a reversal signal on its own.

📊 Volume

Volume is strong, suggesting active selling and potential capitulation at current levels.

---

📌 Key Levels

Support: 0.00001322 (recent low)

Resistance: 0.00001358 (middle BB) → then 0.00001374 (recent high before drop)

---

🧭 Trading Outlook

Short-Term Bias: 🔴 Bearish

Possible Scenarios:

1. Breakdown: If 0.00001322 breaks with volume, next support could be significantly lower.

2. Bounce: RSI < 20 and price outside BB lower band = potential for small bullish retracement (scalp).

---

✅ Trade Ideas (Scalpers)

Aggressive Long: Near 0.00001322 with tight SL just below, target 0.00001350+

Safer Short: On weak bounce into 0.00001350–0.00001358 zone, aiming for a retest of lows or lower

Let me know if you want analysis on higher timeframes (15m, 1h, etc.) or entry/exit points.