While the entire crypto market cap has shrunk due to the Bitcoin decline, Pepe is showing some bullish signs and could provide a buffer for itself in volatile market conditions. The Pepe price chart suggests that even after Bitcoin breaks below key support levels, it could bounce back to new highs, at least to remain stable in the current volatile market.

Pepe has been one of the best performing meme coins on the Ethereum blockchain, and despite a 30% drop since July 1, its price remains above its 200-day simple moving average (SMA), which has fueled bullish sentiment among market participants. If bulls gain the upper hand, Pepe could rally 26% to reach its 50-day SMA at 0.0001108; conversely, if it falls further, it could find support at 0.00000650 on a 20% drop.

Pepe’s 14-day relative strength index (RSI) is at 34, just above the oversold zone, indicating that the meme coin has huge upside potential if market conditions change. Despite Bitcoin's ongoing downturn, Pepe has shown unexpected resilience, maintaining bullish sentiment, demonstrating the unique market dynamics of the meme coin, #pepe神币 #美联储何时降息？ #BTC走势分析