PEPE Struggles Against Strong Resistance, Bearish Pressure Intensify
Pepe Price is facing newer bearish pressure as it struggles to surpass the key resistance level of $0.00001152. The recent failure to push higher pushes has allowed the merger of tokens to imply that if the buyer cannot regain control, it may move downward. and market Inclined to bear sentiment, traders are preparing for possible sales waves.
If the bull cannot produce enough momentumPepe may slip further, testing lower support zones in the upcoming meeting. The battle between buyers and sellers at this level is crucial to determine the next major move token.
PEPE consolidation close resistance: breakdown or rebound?
Pepe’s price action is still in a consolidation phase below the critical resistance level, indicating market hesitation. It has failed recently breakthrough Attempts highlight the strength of sellers in the region, thus preventing bullish momentum. Risks to take when prices work hard to increase Potential The decomposition increases, especially when bearish pressures increase.
Prices continue to trade below the 4-hour simple moving average average (SMA), which reflects the Same corner Still at negative pressure. This price action shows that market sentiment still tends to the downside, as the focus of failing to surpass SMA is the lack of buying strength.
In addition, the relative strength index (RSI) is trend Below the 50% threshold, further supporting the bearish outlook. Usually, the RSI position is below this critical level Buythe market tends to be more disadvantageous.
Further downward movement remains high until the price can break through the 4-hour SMA, while the RSI speed is below 50% of the key level.
Key areas of attention as sales pressure rises
With sales pressure dominating in the market, $0.00000766 is the initial support level to watch. Historically, this level has proven to be a key price point that acts as a psychological and technical barrier. If the price can be maintained at this level, it may indicate that the buyer is still holding the line, offering stable potential even Rebound.
If sales pressure persists, the $0.00000589 mark will be the next critical area to watch. this support Levels represent a deeper defense point for PEPE, and its retention ability may be crucial to preventing more important downturns. A decline below $0.00000589 will be relevant as it can expose the price to bearish potentially prolonged trendcausing traders to reevaluate their positions.
However, if the price remains at the $0.00000766 level, it may pave the way for the resistance level of $0.00001152 as the buyer has control. Breakthroughs above this level point to further incomepriced at $0.00001313, over 100 days SMA.
