PEPE price fell, will it rebound to $0.000014 or fall to $0.00001?
The memecoin sector has been very popular recently, and the prices of major related tokens have fluctuated violently. Investors have gradually shifted their attention from mainstream currencies to this field. Among them, the price of PEPE is particularly active, and it once rose strongly to a higher range. However, the bulls seem to be weak, and the price of the currency faces the risk of closing the monthly line in the negative.
In the past few months, PEPE has been advancing all the way, but recently it has shown signs of decline after breaking through the pressure level. The spread of bearish sentiment may cause the price of the currency to fall by nearly 15%, hitting a low of around $0.00001. However, as the buying volume slowly picks up, there is hope for a potential bullish rebound, but investors seem to lack confidence in the upcoming trend.
Despite the downward pressure, the K-line pattern of PEPE still shows a certain upward trend, indicating that the bulls still retain some control. On the other hand, the current downward trend may only be a short-term correction or range consolidation, and a strong bullish rebound may take place at any time. Although the RSI indicator does not show an obvious bullish signal, the upward trend of the MACD indicator suggests that the bulls are slowly gathering strength and trying to re-establish upward pressure. In addition, the Ichimoku cloud chart also suggests that the short-term adjustment is about to end, and the technical indicators are expected to show a golden cross bullish signal.
After the coin price gains bullish support, the possibility of a rebound also increases. In this case, Pepecoin is expected to regain above $0.000015 before the monthly line closes, setting a positive tone for the start of next month. With the arrival of the new quarter, investor confidence may pick up, and a large influx of new funds will further boost the price of Pepecoin, and there is even a chance to hit a new historical high.
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