Analysis of the cryptocurrency PEPE's price movements and trends.
A daily candlestick above $0.0000124 would disprove bearishness.
PEPE's price is testing its rising trendline support, and a daily closing below it would confirm a downturn.
On-chain data shows a decrease in active addresses, indicating weaker network demand.- If PEPE falls below the trendline, it may drop 18% to $0.0000903, which is the 61.8% Fibonacci retracement level.
If bears remain active and the crypto market outlook is bearish, PEPE may break below $0.0000903 and fall 34% to revisit its May 1 low of $0.0000592.
The Relative Strength Index (RSI) and Awesome Oscillator (AO) are below their mean values, supporting the bearish situation.
This analysis is based on historical data and may not predict future price movements accurately.
follow me for new information like and share.
#PEPEATH #pepe⚡ #PEOPLEbullish #PEPE_EXPERT #PEPE市值超越LTC $PEPE
