PEPE has recently encountered strong resistance at the key level of 0.0000021503, indicating that buyers are struggling to push the price higher. This level has been tested several times in the past, making it a crucial resistance zone for PEPE. If the cryptocurrency fails to break above this level and maintains a sustained downtrend, it could lead to a clear rejection and further downside momentum.
In such a scenario, the next potential area of support for PEPE would be around 0.0000010884. This level has previously acted as support for PEPE and may provide a strong foundation for the cryptocurrency to rebound. However, if PEPE fails to find support at this level and falls further, it could potentially test the next area of support around 0.0000008312.
Overall, the current price action for PEPE suggests that the cryptocurrency is facing strong selling pressure and may need to find significant support to reverse the current trend.
In such a scenario, the next potential area of support for PEPE would be around 0.0000010884. This level has previously acted as support for PEPE and may provide a strong foundation for the cryptocurrency to rebound. However, if PEPE fails to find support at this level and falls further, it could potentially test the next area of support around 0.0000008312.
Overall, the current price action for PEPE suggests that the cryptocurrency is facing strong selling pressure and may need to find significant support to reverse the current trend.
Kommentera:
Patience is the key.