PEPE at Risk of a Breakdown? Key Support Levels in Play
2024-09-30

Yello, Paradisers! Is #PEPEUSDT on the verge of a breakdown? We’re starting to see signs of exhaustion on #PEPE, with lower timeframes showing bearish divergences—typically a warning that a pullback could be just around the corner.

💎PEPE keeps hovering around its ascending support at 0.00001085, a level sellers will be eyeing to break. Losing this support could trigger a wave of profit-taking, sending the price down first to the minor support at 0.0000102 and, if momentum remains weak, even lower into the strong support zone between 0.00009625 and 0.00009450. This is where strong buying interest could kick in again, potentially causing a flurry of short-covering as fresh buyers step up.

💎On the flip side, PEPE is facing some serious resistance at 0.0000115 to 0.0000116 levels. Bulls have been struggling to break out above this region, and unless they can pull off a convincing move past this barrier, the risk of further downside remains high. Watch these levels closely—if buyers don’t step up soon, the bears might take full control!

Paradisers, that’s why, as always, we’re keeping it safe and sticking to our strategy. Discipline and patience are key.

MyCryptoParadise
iFeel the success🌴