$PEPE

Trade Setup:

- Entry Zone: 0.00000528 - 0.00000530

- Take Profit 1: 0.00000514

- Take Profit 2: 0.00000500

- Stop Loss: 0.0000054

The PEPE/USDT pair is currently exhibiting a strong bearish momentum, with the price dropping by 7.34% to 0.00000530. The recent peak at 0.00000532 has been followed by a consistent downward trend, breaking below key moving averages including the 7-day (MA7) and 25-day (MA25). The 99-day moving average (MA99) at 0.00000528 is also under threat, indicating a potential further decline.

Short Market Outlook:

The momentum is bearish, with the volume increasing significantly during the recent downturn, suggesting strong selling pressure. The RSI is approaching oversold territory, which could trigger a short-term bounce but is unlikely to reverse the overall trend. Key support levels to watch are 0.00000500 and 0.0000048, while resistance levels are at 0.0000054 and 0.0000056.

#CryptoBearish #PEPEDownfal l #TradingOpportunities #MarketTrend #CryptoMoves