$PEPE : Has support broken and have we entered the danger zone, or is this just a fakeout? 🐸⚠️
The current price has moved to around 0.00000483$, unfortunately breaking the first support level we were watching (0.00000490$), which puts the current momentum under real pressure.
📍 Current and key levels:
• Spot price: 0.00000483$
• Critical resistance: 0.00000515$– 0.00000518$ (the compass for any upcoming rise)
• Current broken support: 0.00000490$ (now short-term resistance)
• Main moving average support: around 0.00000466$ (the last line before further pressure)
Current scenario after the pullback:
The current break below the previous levels shows that the latest rebound encountered resistance and failed to hold. Staying below 0.00000484$ means we may visit deeper levels before any genuine recovery attempt, and only a 4-hour candle close above resistance would change the picture.
Meme coins are driven by sentiment and move wildly... Don't chase the highs, and keep a close eye on the chart.
What do you think? Do you think $PEPE will stabilize at these lows and take off, or will the decline continue and break 46? Share your analysis in the comments 👇
#PEPE #MemeCoin #BinanceSquare #CryptoTrading #TechnicalAnalysis
The current price has moved to around 0.00000483$, unfortunately breaking the first support level we were watching (0.00000490$), which puts the current momentum under real pressure.
📍 Current and key levels:
• Spot price: 0.00000483$
• Critical resistance: 0.00000515$– 0.00000518$ (the compass for any upcoming rise)
• Current broken support: 0.00000490$ (now short-term resistance)
• Main moving average support: around 0.00000466$ (the last line before further pressure)
Current scenario after the pullback:
The current break below the previous levels shows that the latest rebound encountered resistance and failed to hold. Staying below 0.00000484$ means we may visit deeper levels before any genuine recovery attempt, and only a 4-hour candle close above resistance would change the picture.
Meme coins are driven by sentiment and move wildly... Don't chase the highs, and keep a close eye on the chart.
What do you think? Do you think $PEPE will stabilize at these lows and take off, or will the decline continue and break 46? Share your analysis in the comments 👇
#PEPE #MemeCoin #BinanceSquare #CryptoTrading #TechnicalAnalysis
