Under increasing bearish pressure, PEPE price faces a critical support level.

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PEPE is currently trading close to $0.00000344, testing a key support zone between $0.00000336 and $0.00000349. Analysts point out that the price has fallen from the high of $0.00000365, forming a pattern of lower highs, indicating increasing selling pressure and a continued bearish trend. Technical indicators such as MACD and RSI confirm weakening momentum, and the enlarged volume on red candlesticks also suggest active selling. If the support level is broken, PEPE could drop to around $0.00000310. On the other hand, some analysis suggests the price may be in a narrowing consolidation range, with the 20-day moving average (around $0.0000004022) serving as a key resistance level to break through at $0.0000004724.

PEPE-3.84%
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