PEPE drops 20% from all-time high, does it signal the end of the bullish run?

The drop of 20% in Pepe Coin (PEPE) from its all-time high may not necessarily signal the end of its bullish run, but could reflect a natural price correction amidst the volatility of cryptocurrencies. After reaching an all-time high of $0.000025 on November 14th, the price decline may be due to profit-taking pressure from investors and general market volatility.

However, technical indicators such as Chaikin Money Flow and MACD suggest that bearish pressure may be increasing, and if the important support level of $0.000018 is not maintained, the price could continue to decline. Some analysts also note that PEPE may face downward pressure towards the price level of $0.000015 if new buying momentum does not emerge.

Although the current situation appears bleak, a strong recovery could occur if interest from value investors increases again, especially with the overall growth of the cryptocurrency market. Therefore, monitoring macroeconomic factors and market sentiment will be crucial in the coming period.