$PEPE AT THE CROSSROADS: Recovery or Retest?
PEPE/USDT is showing intense volatility on the 4-hour chart. After touching a critical low of 0.00000363, the price has staged a minor recovery to 0.00000389.
The Technical Breakdown:
* Current Price: 0.00000389
* 24h Range: 0.00000363 to 0.00000401
* Resistance: The SuperTrend indicator remains bearish, with a significant overhead resistance level at 0.00000420.
* Volume Activity: Trading volume remains high at 14.34T PEPE, indicating heavy participation as bulls attempt to establish a floor.
The Bigger Picture:
The long-term trend remains under pressure, with the asset down 20.57% over the last 30 days and 82.10% over the past year. However, the immediate price action suggests a battle for control. A break above 0.00000420 could signal a shift in momentum, while a failure to hold current levels may lead to a retest of the recent lows.
The market sentiment is currently split, with the order book showing a narrow margin between buyers and sellers.
