Recent trades $PEPE showed a sharp price shift that alarmed many investors. Weak hands in the meme coin market are experiencing stress, and traders' emotions are becoming noticeably heightened. However, such a candle does not signal the end of the cryptocurrency's growth. On the contrary, it indicates that smart money is closely monitoring key levels of support and resistance for PEPE.
Support zone$PEPE
Key level to watch:
0.00000410 – 0.00000400 – main demand zone.
If the price holds at this level, the chances for a bounce and further growth of the PEPE meme coin remain.
Targets for PEPE increase
After price stabilization, the following growth targets are relevant:
0.00000435 – first recovery level.
0.00000460 – market structure test.
0.00000500+ – impulse zone, possible return of hype and strong growth of the meme coin.
Price decline risks$PEPE
A break below 0.00000400 will open the way to the zone 0.00000370 – 0.00000350, where liquidity is concentrated.
Chasing red candles often leads to losses in the cryptocurrency market.
PEPE investor strategy
Patience and emotional control are the key to successful trading of meme coins. The ability to observe support and resistance zones helps minimize risks and use PEPE's volatility for potential profit.
Output
PEPE continues to be an interesting asset for meme coin investors. The current price correction does not mean the end of the movement but emphasizes the importance of analyzing key levels. A proper strategy and monitoring of support and resistance zones will allow traders to safely utilize the growth potential of PEPE.
