PEPE Price Weekend Forecast, Can Key Support Levels Turn Things Around?
PEPE has been quite volatile recently. In fact, in the past 3 days alone, its price has fallen by approximately 18.2%, approaching the key support level at $0.000009022. The price previously went through a period of consolidation that ended on July 30.
Memecoin’s price action has declined significantly over the past few days. This is completely opposite to the previous horizontal situation. This observation is extremely important because just a few days ago, PEPE appeared to have collapsed from a consolidation phase. Stopping this collapse in the coming days will be key for the altcoin’s price action.
However, at the time of writing, the coin’s price is already close to the key support level at $0.000009022. A breach of this level may signal further decline in the value of PEPE.
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PEPE’s latest round of price declines has pushed it close to key levels on the chart. If the price can stay above this level, memecoin may be in for a reversal.
However, if the bearish momentum continues and the price breaks below support, PEPE is likely to fall further.
