As per the chart, the PEPE meme trend seems to be ending, and the price is currently down by almost 62% from its recent all-time high. PEPE has surged almost 100,000 times from its bottom price when it was launched, and many smart money investors made millions of dollars by investing only $50-$500. However, the coin is currently in a bearish trend, and we can expect a further 40%-50% decline in the coming weeks.
Support and Resistance Levels: The strong support level for PEPE/USDT is at $0.000001, and we can expect the coin to test this support level in the coming weeks. If the price moves upwards, the resistance levels are at $0.0000022 and $0.0000028. We can expect a maximum of $0.0000028 before the price falls again.
Fib Retracement Level: There is a 0.5 Fib retracement level at $0.0000010, and it's highly probable that the price will hit this level.
Supply and Demand Zones: The high supply zone for PEPE/USDT is at $0.0000038-$0.0000044, while the high demand zone is at $0.0000010.
Conclusion: In conclusion, investing in meme coins like PEPE can be risky, and it's crucial to conduct your research before investing. Based on the current chart analysis, the PEPE/USDT coin is in a bearish trend, and we can expect a further decline of 40%-50% in the coming weeks. The strong support level is at $0.000001, and the resistance levels are at $0.0000022 and $0.0000028. However, it's important to keep in mind that this is just our opinion, and the market can be unpredictable.
Takeaways: PEPE/USDT is a meme coin that has gained popularity due to its high volatility and potential for quick profits. The coin is currently in a bearish trend, and we can expect a further decline of 40%-50% in the coming weeks. The strong support level for PEPE/USDT is at $0.000001, while the resistance levels are at $0.0000022 and $0.0000028. Investing in meme coins like PEPE can be risky, and it's crucial to conduct your research before investing.
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