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Someone just hit the panic button on $PEPE .
That drop was way more aggressive than I expected. We were holding a decent range around 680 but the floor just gave way.
The price bottomed out near 635 and we’re seeing a tiny bit of green now at 651, but don't get too excited yet. This looks like a standard relief bounce after a flush out.
If we can’t reclaim that 666 level quickly, we might just be consolidating for another leg down. The volume on that red candle was no joke so the bears are definitely feeling themselves right now.
I'm sitting on my hands for a bit to see if this support actually holds or if it's just a trap.
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