Pepe (PEPEUSD) is suffering from negative pressures - Analysis - 08-01-2025

The price of Pepe (PEPEUSD) has decreased during its recent trading at the moment levels, amid the continued negative pressure due to its trading below its previous 50-day simple moving average, and under the control of the short-term downward corrective trend and its trading along the trend line, with the emergence of positive signals from the relative strength indicators, after reaching areas of severe saturation with buying operations.

Therefore, our expectations indicate a further decline in the price of the currency during its upcoming trading, as long as the resistance level of $0.000021865 remains stable, targeting the first support levels at $0.000017223.

The expected direction for the upcoming trading: Down $PEPE