PEPEUSDT Bears in Control: Key Levels to Watch

The current market structure for PEPEUSDT indicates a bearish momentum, with the price trading below the EMA ribbon, which confirms a downward trend. Additionally, the Signal Builder has recently issued sell signals, further emphasizing the bearish outlook. The price broke below the previous support at 1234, which now acts as resistance, rejecting any attempts for recovery so far.

If the downward movement continues, the critical support level at 686 becomes a potential area for a price reaction. Historically, this level has provided strong support with multiple rebounds. Should the price hold this level, a return to the 1234 resistance zone could be a feasible target. However, any failure to maintain 686 as support may indicate further declines.

👨🏻‍💻💭 What’s your perspective on PEPE’s price action? Do you see a bounce at 686 or a continuation to lower levels? Let me know your thoughts!
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