Pepe Bearish Pressure Persists as Buyers Seek Rebound from $0.00000058 Support
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Pepe Price Analysis – PEPE/USDT Bows to Bearish Force
Pepe continues to face downward pressure after failing to sustain momentum above the $0.00000088 zone. The coin is currently trading near $0.00000066, down roughly 2.6% on the day, as sellers maintain short-term dominance.
Pepe Key Levels
Resistance Zones: $0.00000088, $0.00000103, $0.00000146
Support Zones: $0.00000065, $0.00000058, $0.00000040
After an extended period of sideways movement, the pair broke below its ascending support structure earlier in October. It triggers a decline that now tests a critical support region between $0.00000058 and $0.00000040.
The Stochastic Oscillator is positioned around 41.72 and 45.11, showing a mild attempt to stabilize after recent oversold readings. Meanwhile, the Money Flow Index (MFI) at 29.24 suggests that selling momentum may soon exhaust, potentially allowing for a short-term rebound.
If bullish traders re-emerge around the current support zone, a retest of $0.00000088 and possibly $0.00000103 could unfold. However, a decisive close below $0.00000058 might open the door for further decline toward $0.00000040.
Market Expectation
On the 4-hour chart, PEPE remains in a corrective phase following a steep retracement from the $0.00000088 resistance. The market structure suggests ongoing selling bias, with lower highs forming consistently.
Both the Stochastic and MFI indicators are hovering in their lower ranges reflecting fading buying pressure and weak liquidity inflows. Buyers must defend the $0.00000058 level to prevent deeper downside moves.
Should the price regain footing above $0.00000065, we could see a potential short-term recovery back toward $0.00000080 and $0.00000088.
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