PEPE dey test key support as correction dey deepen
PEPE price dey test one critical support zone near $0.00001 after e fall over 11% for last week. Veteran trader Matthew Dixon flag one bearish RSI divergence wen PEPE price reach mid-July high but RSI peaks lower, wey trigger sharp sell-off. Dixon talk say PEPE fit dey inside ABC correction—with rebound fit happen before resistance near $0.000012—or e fit be 1-2-3 impulse with more downside go $0.0000082 if support for $0.0000095 break. RSI just bounce from oversold levels (30 to 42), but no bullish divergence form. Meanwhile, TD Sequential buy signal show say short-term rebound fit happen. Traders go dey watch for close above $0.0000125 to confirm correction exit or break below $0.0000095 to signal deep losses. PEPE price volatility still high as memecoin dey find decisive move.
Bearish
PEPE price wey dey break key support zones dey usually come before deeper drops for volatile memecoin markets. The article talk about bearish RSI divergence and one corrective phase wey if e no get solution fit push PEPE go lower targets like $0.0000082. Even though TD Sequential buy signal and oversold RSI show say small short-term bounce fit happen, these signs dey usually bring small recovery only during strong downtrends. History don show—like for other meme tokens wey get similar corrections—that if dem no fit get back resistance levels e dey often cause long losses. So, the outlook be bearish unless PEPE price sharply reverse above $0.0000125 to confirm market momentum change. Traders suppose prepare for more downside but still dey alert to any clear bullish turnaround.