(pepe) Pepe Price Analysis and Forecast (July 4)

Pepe enters the biggest drop after breaking the psychological barrier

After a brief rebound at the end of June, Pepe recovered to the $0.000013 range and lasted for a week, but lost momentum after the sudden rejection and showed obvious signs of weakness. In the past week, it has fallen by 25%.

As the entire cryptocurrency market continues to be suppressed, Pepe fell another 13% today, becoming the largest drop among the top five meme coins by market value. From the daily chart, Pepe is weak and may face more room for decline.

This morning, Pepe fell below the psychological price of $0.00001 and is currently approaching the key support level of $0.0000092, but signs show that the meme coin may not be able to hold this key support. Once the $0.0000092 support level is lost, it may lead to a sharp drop in price to $0.0000076 and $0.000006 levels. If it falls further, $0.000002 will become the next support level to watch.

Currently, $0.0000108 is seen as an important support level that may face retest resistance, followed by $0.0000135, which triggered the continued selling again last week. Above these resistance levels, $0.000016 will be a key resistance level.

To summarize the key levels:

Key resistance levels: $0.0000108, $0.0000135, $0.000016 Key support levels: $0.0000092, $0.0000076, $0.000006

The current spot price of Pepe is $0.0000095, and the market trend is bearish with high volatility.

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