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baby It saw a significant decline, losing 36% from its recent peak. After a significant decline, the symbol had difficulty regaining the position it currently has commerce Close to $0.00001806.
When examining the daily chart of PEPE, it recently showed that it has broken below the 26 EMA, which previously provided strong support during its bull run. An upward march. It is currently moving above the 50 EMA, which is located at around $0.00001611. This point will be crucial in determining whether PEPE is able to stabilize or face additional declines.
The 200 EMA, a level that traditionally indicates long-term trend stability, is also close to $0.00001308, which is the next important support area if the token drops below this level. The point where the token was repeatedly rejected during recent attempts at recovery is $0.00001950, representing immediate resistance to the upside. A recovery towards $0.00002030 or higher may be possible if this level is broken.
Take profits for early investors yet Token The huge rally in November is the reason for the decline in PEPE. Moreover, the overall market situation has become somewhat pessimistic, with interest in speculative assets declining. The slowdown in demand was further highlighted by lower trading volume and momentum.
There is still hope for PEPE's recovery despite the current pessimistic outlook. As the asset approaches the oversold zone, the Relative Strength Index (RSI) may attract speculative buyers looking for quick profits. PEPE may regain some lost ground if it can hold the 50 EMA and cross $0.00001950.
Bullish scenario: A bounce from the 50 EMA, with a break above $0.00001950, could push PEPE towards $0.00002030 or higher.
Bearish scenario: A loss of the 50 EMA could push the token to $0.00001308, testing the 200 EMA and stabilizing the long-term trend.
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