PEPE price falls after a 105% increase in a month: How long will the correction last?

The price of PEPE recently experienced a surge of 105% before dropping nearly 10% in the past week. With a potential "death cross" in technical indicators, the price may test important support levels at $0.0000139 or even lower. Although the current RSI indicates that PEPE is not yet oversold, a drop below 30 could trigger a stronger bearish momentum. The negative MVRV ratio (-6.2%) suggests that investors are at a loss, but selling pressure may ease if the price does not decline further, leading to the potential for future recovery.

The duration of the correction will depend on various factors, including market sentiment and buying or selling pressure. If selling pressure increases, the correction could prolong, and PEPE may drop to lower levels. However, if market confidence improves, PEPE could regain momentum and challenge resistance levels at $0.0000228 or even reach a new all-time high at $0.000030.