$PEPE #PEPE‏

Here’s a clean read of what the 4H PEPE/USDT chart is showing right now.

Trend The structure is still bearish. Price is making lower highs and lower lows and remains below the Bollinger mid band and key short-term moving averages. No clear trend reversal yet.

Bollinger Bands Price is sitting right at the lower band around 0.00000489. That usually means one of two things:

Short-term oversold and a bounce is possible

Or continuation lower if support fails

So this area is important.

RSI RSI(6) around 25 is deeply oversold. This supports the idea of a relief bounce, but oversold alone is not a buy signal. In strong downtrends, RSI can stay low for a while.

MACD MACD is still weak and below zero. Histogram is slightly improving, but there’s no strong bullish crossover yet. Momentum is slowing, not reversing.

Volume Recent selling volume is lower than the earlier dump. That suggests selling pressure is cooling, but buyers are not aggressive yet.

Key levels

Support: 0.00000480 – 0.00000485

If this breaks cleanly, next drop can accelerate.

Resistance: 0.00000510 – 0.00000530

Price needs to reclaim this zone to shift short-term bias.

Scenarios

Bounce play: Possible short-term bounce from current levels due to oversold conditions, but likely capped near 0.0000051–0.0000053.

Continuation: If 0.00000480 fails, expect another leg down before any meaningful recovery.

Bottom line This is still a risky zone. Good for short-term scalps only if you manage risk tightly. For safer longs, wait for a higher low and a reclaim above the Bollinger mid band with volume.

If you want, tell me whether you’re looking to scalp or hold, and I’ll map exact entry, stop, and targets.