๐ธ PEPE/USDT Market Update
PriceAction:
PEPE is trading near $0.0000098, down ~5% over the past week. Despite weakness, it still commands $600M+ in daily trading volume, proving the meme coin hype is from the death.
๐ Technical Picture
๐ Momentum: Technical indicators flash โStrong Sellโ across most timeframes.
๐ Short-Term Outlook: Models forecast a potential 15โ25% dip into September if bearish momentum continues.
๐ก Support Zone: ~$0.0000092 โ $0.0000094.
๐ Resistance: ~$0.0000105 โ $0.000011.
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๐ Market Sentiment
Bearish near term due to weak momentum and broader market pullback.
Bullish potential mid-term โ Meme coins like PEPE historically rebound sharply when sentiment flips. Analysts see possible 3โ5ร rallies if liquidity returns to the sector.
Risk profile: High. Utility is limited, moves are sentiment-driven. Treat it as speculative, not a core hold.
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โก Takeaway for Traders
Short-term = caution, watch for breakdown below support.
Mid-term = opportunities may open on pullbacks if macro sentiment shifts.
Manage size & riskโPEPE remains hype-driven, not fundamentals-driven.
