Analysis $PEPE June 18: Potential risk of sell-off from investors

The price of $PEPE is still holding above the critical support level of 0.000011 USD, but is facing the risk of a deeper decline. This is due to the continuous outflow of money from assets, indicating a decline in confidence.

This can be seen through the Chaikin Money Flow (CMF) index. This is a technical analysis indicator that measures buying and selling pressure over a certain period of time. It uses volume and price data to evaluate the strength of market trends, helping traders identify potential reversal points and confirm trends. The index is currently at its lowest level in two months, suggesting selling pressure is increasing.

The price of $PEPE , which is trading at 0.00001150USD, appears to be bouncing from the support level of 0.00001146 USD. This is a positive development for this meme coin and its investors. However, their indecisiveness could derail this recovery process. Potential selling, as outlined above, could result in PEPE price losing this key support level and falling to $0.00001007.