💰 $PEPE Price Forecast: PEPE poised for a 15% slump as it fails to overcome key barrier - FXS
📉 PEPE Faces Resistance at 200-Day EMA
Pepe (PEPE) price looks set to lose recent gains after failing to break past the 200-day Exponential Moving Average (EMA) at $0.0000095 on Saturday. It fell 3.6% on Sunday and is down 1% on Monday, trading at $0.0000090.
🚫 Key Resistance Levels
The 200-day EMA and broken trendline at $0.0000095 are acting as strong resistance. If PEPE can't break through, it could drop 15% to the support level at $0.0000077.
📊 Bearish Indicators
The Relative Strength Index (RSI) is just above 50, and the Awesome Oscillator (AO) is below zero, both showing potential for bearish momentum. A long-to-short ratio of 0.885 on Coinglass also suggests traders expect a price decline.
📈 Potential Bullish Shift
If PEPE closes above $0.0000098, it could shift to a bullish outlook and rise 5% to the next resistance level at $0.000010, according to the Fibonacci retracement level.
