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🔻 Pepe Coin Price at Risk: Bearish Patterns Suggest a 35% Crash
Pepe Coin is facing strong selling pressure, with key technical indicators hinting at a significant drop. A bearish flag chart pattern, declining futures interest, and correlation with Bitcoin's price movements point to a potential 35% crash in the near future. Here's what you need to know:
📉 Key Patterns Suggest a Drop to $0.00001190
Pepe Coin has fallen below the critical 50-day EMA, a bearish signal.
A bearish flag chart pattern on the daily chart suggests a continuation of the downtrend:
If the pattern plays out, the price could drop to $0.00001437, and then to $0.00001190, a 35% decline.
The coin has also formed a double-top pattern at $0.00002563, creating strong resistance at higher levels.
🔍 Futures Interest Plummets
Pepe Coin’s futures open interest has dropped sharply, from $359 million earlier this month to $123 million, its lowest level since November.
This decline signals reduced demand, which could accelerate the sell-off.
🔗 Bitcoin's Influence on Pepe Coin
Like most altcoins, Pepe Coin’s price is closely tied to Bitcoin.
If Bitcoin continues its recent decline, Pepe Coin is likely to follow suit.
🚨 Levels to Watch
Bearish Targets:
$0.00001437 (short-term support)
$0.00001190 (key support level, 35% lower)
Bullish Reversal Point:
$0.000020 (key resistance above the 50-day EMA)
💡 What’s Next?
Pepe Coin is at a critical juncture. While bearish signals dominate, a breakout above $0.000020 could invalidate the downtrend and push the price higher. Keep an eye on key levels and market trends to stay ahead in this volatile market. What is your thought 🤔 👇#PEPE #BTC #BNB #Binance #ETH $PEPE