$PEPE Price Analysis: Can It Recover?

PEPE soared 105% last month, hitting an all-time high on

November 13 after its Coinbase listing, but has since dropped

10%. Key indicators suggest potential for further corrections

amid fading bullish momentum.

RSI: Selling Pressure Rises

*/ Current RSI: 38.8 (down from 60 in three days).

*/ Implication: Not oversold yet (RSI < 30 marks oversold), but

selling pressure is growing. If RSI drops further, bearish momentum could deepen.

MVRV Ratio: Signs of Further Decline

*/ 7-Day MVRV: -6.2%, indicating holders are less likely to sell at a loss.

*/ Historically, PEPE rebounds when MVRV dips below -9.7%,

hinting a deeper correction might precede recovery.

Price Outlook

*/ Bearish Scenario: If selling continues, supports lie at

$0.0000139, $0.0000108, and stronger at $0.0000077.

*/ Bullish Scenario: Recovery above $0.0000228 and $0.000026

could lead to a rally toward $0.000030 and a new high.

Conclusion

PEPE’s volatility persists, with bearish signals dominating.

However, historical trends suggest potential for recovery if

corrections deepen. Monitor RSI, MVRV, and support levels for

clues.

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