PEPE/USDT 1H Analysis: Bearish Momentum Continues
2025-01-14
Category: None

PEPE/USDT 1H Analysis: Bearish Momentum Continues

 
 Current price: $0.00001605, down 0.19%, reflecting strong bearish pressure.
 
 
 Support and resistance:
 
 
 Immediate support: $0.0000155 – potential short-term relief zone.
 Key resistance: $0.0000177 – acting as a barrier for recovery attempts.
 
 
 Recent price action:
 
 
 Clear breakdown from the equilibrium zone, with price falling through multiple support levels.
 Consecutive red candles breached the POL (Point of Loss) level, signaling persistent selling pressure.
 
 
 Volume profile:
 
 
 Indicates an ongoing distribution phase, with sellers dominating the market.
 
 
 Trade setup:
 
 
 Rated 3/10 for longs – current conditions are unfavorable for bullish entries.
 Best to wait for:
 A clear reversal signal.
 Formation of a double bottom around key support zones.
 
 
 Market outlook: Bearish sentiment dominates until price reclaims resistance at $0.0000177 or shows signs of accumulation.
 
What’s your perspective on this bearish structure? Drop your insights below! 📉👀