$PEPE /USDT update on the 4H chart.
Price is trading around 0.00000375 after a sharp sell-off, down about 4.8% on the day. The recent push down swept liquidity near 0.00000368, which is acting as an important short-term demand zone.
Structure is still bearish with lower highs and lower lows, but selling pressure is starting to cool near support. If 0.00000368 holds, a relief bounce toward 0.00000395 and then 0.00000414 is possible. That zone aligns with previous breakdown and short-term moving averages.
A clean break and close below 0.00000368 would invalidate the bounce idea and open the door toward deeper levels near 0.00000350.
Volume spiked during the drop, showing panic selling rather than slow distribution. Market now needs consolidation or a strong reclaim above 0.00000395 to shift momentum.
High risk zone. Reaction from support will decide whether this is just a shakeout or continuation of the downtrend.
#USJobsData #TrumpTariffs #CPIWatch #CPIWatch #WriteToEarnUpgrade