🔴 $PEPE PRICE PREDICTION AND ANALYSIS 🔴

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PEPE Coin ($PEPE) is facing a crucial moment as its recent price surge shows signs of losing momentum. After experiencing a significant drop last month, PEPE managed a remarkable 25% price increase. However, the last 24 hours have seen a decline in momentum, raising concerns about the meme coin's future.

On-Chain Data Raises Concerns

Key metrics like the Mean Dollar Invested Age (MDIA) are flashing warning signs. The MDIA, which tracks the average time PEPE remains in the same wallet, has recently decreased, indicating that previously inactive wallets are becoming active again—a bearish signal.

Trading Volume Declines

PEPE's trading volume has dropped to $613.26 million, typically indicating a potential reversal of the upward trend. If this trend continues, a price decline could be imminent.

Resistance at 50-Day EMA

On the daily chart, PEPE is struggling to break through the 50-day Exponential Moving Average (EMA), signaling potential resistance. The price is currently hovering just below this level, adding to the bearish outlook.

Price Predictions

If the downward pressure persists, PEPE could fall to $0.0000077. However, if the trend reverses, there is still hope for a rally back to $0.0000098, and potentially $0.00001.

Final Thoughts

PEPE Coin is at a crossroads. Will it break through resistance and soar, or succumb to market pressures and decline? Stay tuned as this frog-themed meme coin battles the bears!

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