Coin $PEPE is facing strong selling pressure, with repeated price rejections whenever it approaches the breakout of the descending trendline. This has led to the formation of consecutive resistance zones that reinforce the bearish path.
📍 Watch zone:
$0.00000344 - $0.00000348 (descending trendline retest zone and resistance test)
🎯 Expected downside targets (Targets):
Target 1: $0.00000331
Target 2: $0.00000328
Target 3: $0.00000323
🚫 Invalidation of the bearish scenario:
A breakout of the descending trendline and a firm close above $0.00000352 would negate the bearish reading and bring the price back to bullish.
📍 Watch zone:
$0.00000344 - $0.00000348 (descending trendline retest zone and resistance test)
🎯 Expected downside targets (Targets):
Target 1: $0.00000331
Target 2: $0.00000328
Target 3: $0.00000323
🚫 Invalidation of the bearish scenario:
A breakout of the descending trendline and a firm close above $0.00000352 would negate the bearish reading and bring the price back to bullish.
