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#PEPE has continued its gradual move lower and is now trading at an area where price has previously found support. After an extended downtrend, momentum appears to be slowing as sellers lose some control at this level.
This zone often acts as a decision point for the market. A successful defense here could open the door for a stronger recovery toward higher resistance levels, while a breakdown would likely extend the current trend. This makes the current price area especially important for PEPE in the near term.