$PEPE ‌ #Pepe$pepe / USDT - 0.000003434

Live Data: Price 0.000003434 -1.38% | 24h High 0.000003551 / Low 0.000003415 / Vol 3023.81B PEPE / Turnover 10.55M USDT | Perp 0.000003436 -1.15% | 1h EMA5:0.000003442 EMA10:0.000003453 EMA30:0.000003483 | MFI:31.66 | Today -1.38% / 7d -7.98% / 30d +16.27% / 90d +15.84% / 180d +1.93% / 1y -64.78% | Chart High 0.000003754 / Low 0.000003363
1. PROJECT DETAILS
PEPE is the leading frog meme on Ethereum.
• Purpose: Pure meme coin inspired by Pepe the Frog. No utility, no roadmap - community and culture driven. The most traded meme on Ethereum after DOGE and SHIB.
• Supply: 420.69T total supply, fully circulating, no tax. Listed as NO.18 spot and NO.35 overall, Meme tag.
• Performance: 1y -64.78% shows long bear from 2024 ATH, but 30d +16.27% and 90d +15.84% show recovery attempt. 7d -7.98% and Today -1.38% show current correction in line with BTC and ETH.
• Context: PEPE moves with ETH beta. When ETH at 2,398 breaks down, PEPE breaks faster because of higher volatility. 3023B volume shows still very active. 2. WHAT TO WATCH
A. Bearish EMA Stack: EMA5 0.000003442 < EMA10 0.000003453 < EMA30 0.000003483. Price 0.000003434 below all three. Downtrend started Sept 1 14:00 after failure at 0.000003517 yellow box, with continuous lower highs.

B. Low Test Near 0.000003363: Current 0.000003434 is just 1.3% above 24h Low 0.000003415 and 2% above swing low 0.000003363 from Aug 30. Double bottom attempt at this zone. Losing 0.000003363 opens 0.00000332.

C. MFI 31.66 Near Oversold: MFI at 31.66, close to oversold threshold 20. Bounced from 13.47 oversold on Sept 1, but unable to hold above 50. Previous oversold at 0.000003363 bottom marked reversal. Seller pressure high but exhaustion near.

D. Volume and Volatility: 3023B PEPE volume is huge but price down -1.38%. Turnover 10.55M USDT shows distribution, not accumulation. Needs volume drop for base.
3. TECHNICAL ANALYSIS
Chart shows crash Aug 30 22:00 from 0.000003754 to 0.000003363, sharp recovery Aug 31 18:00 to ∼0.00000360 range, then range around 0.00000357, then breakdown Sept 1-2 from 0.00000351 to 0.00000341.

Fibonacci Levels (0.000003363 low - 0.000003754 high, range 0.000000391):
• 0.236 retracement: 0.000003661 - Near 0.000003702 chart level, resistance
• 0.382 retracement: 0.000003604 - Near 0.000003575 yellow box
• 0.50 retracement: 0.000003558 - Near 24h High 0.000003551 and 0.000003517 box
• 0.618 retracement: 0.000003512 - Golden pocket, just below yellow 0.000003517
• 0.786 retracement: 0.000003447 - Almost at current 0.000003434, pivot
Support Zones:
• 0.000003434 - 0.000003415: Current price and 24h Low 0.000003415 immediate support.
• 0.000003363: Swing low Aug 30 marked on chart. Critical hold. Breakdown opens 0.00000332 marked on right axis.
• 0.00000332: Next extension below low.
Resistance Zones:
• 0.000003442 - 0.000003483: EMA5 0.000003442, EMA10 0.000003453, EMA30 0.000003483 cluster. First heavy resistance.
• 0.000003517 - 0.000003551: Yellow 0.000003517 and 24h High 0.000003551 Fib 0.50 cluster. Main recovery target.
• 0.000003754 - 0.000003829: Chart high 0.000003754 and 0.000003829 level, major supply.
Summary View:
PEPE is in 1h downtrend testing critical low zone at 0.000003434. The bearish EMA stack 0.000003442-0.000003483 is resistance. Price is at Fib 0.786 pivot 0.000003447, holding slightly above 0.000003415. Holding above 0.000003363 keeps bounce potential to 0.000003483 EMA30 and 0.000003517. Losing 0.000003363 opens deeper correction to 0.00000332. MFI at 31.66 near oversold suggests selling exhaustion, but 7d -7.98% and failure to reclaim EMA30 show weak momentum. As meme, PEPE needs BTC and ETH to stabilize first.

Not Financial Advice.