🔥Pepe Falls Hard as a $3.2 Million Rival Emerges
🐸 Pepe in Hot Water
Pepe (PEPE) is struggling as its price falters, losing a crucial support level. Prominent traders on Crypto X (formerly Twitter) are bearish, predicting further declines.
📉 PEPE Price Analysis
PEPE is currently trading at $0.00000885, down 0.45% in the last 24 hours. The coin tumbled from its accumulation zone, destroying any remaining bullish structure. Losing the 20DMA support makes PEPE vulnerable to further drops. The last similar incident saw a 33% drop.
📊 Indicators and Predictions
The RSI shows strong bullish divergence, indicating potential upside, but traders should be cautious. PEPE could drop to a lower support level at $0.00000575 (-35%) or rise back above the 20DMA to $0.0000095 (+7.34%). The risk-reward ratio is 0.21, making it a risky entry.
🚀 Competitor on the Rise
Despite PEPE's struggles, retail investor interest and buy volumes are strong in the PEPU presale, suggesting a promising investment opportunity.
