PEPE – Critical Support Test After Prolonged DowntrendPepeCRYPTO:PEPEUSDisahebdadiTrend Overview: Pepe is clearly in a long-term downtrend after a speculative blow-off top. Price has been consistently making lower highs and lower lows, showing strong bearish control. Key Technical Points: 1. Major Support Zone (Black Trendline): •Price is currently sitting on a long-term descending support •This level has held multiple times in the past → A decisive break or bounce here is very important 2. Moving Average (Orange Line): •Price remains below the MA, confirming bearish momentum •MA is acting as dynamic resistance 3. Volatility Compression: •Price action is tightening near support → This often leads to a sharp move (breakout or breakdown) Scenarios: Bullish Scenario (Relief Bounce): •If support holds and price breaks above short-term resistance → Potential move toward 0.0000060 – 0.0000080 Bearish Scenario (More Probable): •If support breaks decisively → Continuation toward new lows (low liquidity zone below current price) Conclusion: This is a high-risk, high-volatility setup. The overall trend is still bearish, and unless a strong reversal structure forms, downside continuation is more likely.