$PEPE /USDT – SHARP BEARISH BREAKDOWN, BUYERS ON DEFENSE 🐸📉

$PEPE /USDT has seen a strong sell-off, dropping nearly 20% and breaking below its recent consolidation range. Price is now hovering around the $0.00000340 zone, showing clear weakness after repeated rejections near $0.00000420–$0.00000430. High volume on the downside suggests panic selling and stop-loss hunts, which often lead to either a brief dead-cat bounce or further continuation toward lower demand.

Trade Setup:

Position: Short

Entry: Failed bounce / rejection near $0.00000370–$0.00000380

Targets (TP):

TP1: $0.00000336 (intraday support)

TP2: $0.00000320 (major demand zone)

TP3: $0.00000300 (liquidity sweep)

Stop Loss (SL): Above $0.00000400 (range reclaim)

Market Outlook:

Short-term outlook remains bearish as meme-coin sentiment cools and volatility spikes. A strong bounce with volume from the $0.00000320–$0.00000300 zone could flip bias to neutral, but until then, sellers control the tape.

#PEPE #BearishCrypto #MemeCoins #TechnicalAnalysis #altcoins