$PEPE is showing clear bearish continuation on the 30-minute chart after failing to hold above the 0.00000490–0.00000500 resistance zone. Multiple rejections in this area indicate strong selling pressure and distribution.

Following the rejection, price formed a series of lower highs and lower lows, confirming a bearish market structure. The breakdown below the 0.00000460 support level accelerated selling momentum, pushing price toward the current consolidation area.

Recent candles show weak bullish attempts with limited follow-through, suggesting that buyers remain defensive. As long as price stays below the 0.00000460–0.00000470 resistance zone, downside continuation is likely.

The overall structure favors short positions toward lower liquidity zones.

Trade Setup

Entry Range: 0.00000445 – 0.00000465

Target 1: 0.00000420

Target 2: 0.00000400

Target 3: 0.00000375

Stop Loss: 0.

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