The price of the cryptocurrency PEPE is approaching a critical support level at $0.00001731, and there are concerns about its ability to maintain stability in the face of selling pressure. Recent attempts to recover have been met with resistance, leaving PEPE vulnerable to further declines. If the support level is broken, it could amplify negative sentiment and lead to additional losses. On the other hand, if the level holds, it could provide a springboard for upward momentum. Technical indicators suggest the potential for more downside movement, with the possibility of continued selling pressure. The $0.00001731 level is seen as a focal point, and a strong defense could prompt a reversal and potential upside recovery. However, a failure to hold the support level could result in a more significant decline.



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