PEPEbig dump continues, can it make a comeback in the next 24 hours?

Trend analysis:
PEPE is currently priced at 0.000000963 US dollars, with a 6.41% decrease in the past 24 hours. In the short term, the price continues to decline, and both MA7 and MA25 show a clear downward trend, indicating that the bulls have lost their advantage and the bears are in control of the market. The RSI has just broken through the oversold zone (40.95), but the MACD is still in the negative zone, indicating that the downward trend is not over.

Support and resistance levels:
• Support level: 0.000000796 US dollars, if the price touches this level, it may encounter some support and rebound.
• Resistance level: 0.000001018 US dollars, if the price breaks through this level, it may indicate a short-term rebound.

Sentiment Analysis:
The current market sentiment is bearish, and investors are cautious. Although the price has entered oversold territory and theoretically has the potential to rebound, if there is no strong buying interest, the bears may continue to exert further pressure.

End:
Can PEPE break out of the downward channel, surpass resistance and rebound? What do you think about the trend in the next 24 hours? Feel free to discuss in the comments and share your forecasts! If you don't want to miss more analysis of the coin circle, remember to follow me and get the latest market dynamics as soon as possible!