PEPE Price at Risk?
Everyone’s favorite memecoin is in trouble right now. PEPE, a Solana-based memecoin that made a lot of people millionaires last week, has been falling for about three days now, and it’s not slowing down.
Just as we were starting to cheer for the memecoin season, it’s down more than 8% in the last 24 hours. What’s going on? Why is PEPE going backwards?
PEPE was up more than 500% at some point last week. But this isn’t an isolated trend. Meme stock legend Keith Gill has made a comeback on social media, sending both the meme stock market and the memecoin market into a frenzy.
This could push prices down further unless there’s a major change in market dynamics or external influences that encourages bulls to change the script.
If PEPE holds above the 0.00000900 support level and the number of buyers keeps increasing, while the MACD crosses bullishly and the RSI recovers above 30, a price recovery could be in the cards in the short term.
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