$PEPE #PEPE‏

Got it. Let’s break down what this PEPE/USDT 1H chart is saying, clean and straight.

Price action

Current price is around 0.00000497, sitting below the Bollinger mid band (~0.00000501).

After rejecting near 0.00000526, price is making lower highs. Short term momentum is weak.

Bollinger Bands

Upper band: ~0.00000515

Mid band: ~0.00000501

Lower band: ~0.00000488

Price is drifting toward the lower band, which usually means either continuation of the pullback or a short bounce attempt.

RSI (6)

RSI is around 31, very close to oversold.

This suggests selling pressure is getting exhausted, but it does NOT confirm a reversal yet.

MACD

Histogram is turning red.

DIF has crossed below DEA.

Momentum is still bearish, no bullish crossover so far.

Volume

Volume is declining during the drop.

That’s a good sign for bears losing strength, but bulls haven’t stepped in strongly yet.

Key levels to watch

Support

0.00000488 (lower BB)

0.00000475 – 0.00000476 (previous base)

Resistance

0.00000501 (mid BB, very important)

0.00000515 – 0.00000526 (recent rejection zone)

Scenarios

Bullish bounce: If price holds above 0.00000488 and reclaims 0.00000501, a bounce toward 0.00000515+ is possible.

Bearish continuation: A clean break below 0.00000488 opens the door to 0.00000475.

Bottom line Short term trend is still bearish, but RSI says a relief bounce is possible soon. Confirmation only comes if price moves back above 0.00000501 with volume.

If you want, I can also map this into scalp vs swing setups with invalidation levels.