Pepe Coin has recently exhibited a bearish trend following a market correction, akin to other popular meme coins like Dogecoin and Shiba Inu. While 72% of holders are still in profit, the 23% of investors who are currently losing money could heighten selling pressure and deepen the market's downward movement. Technical indicators suggest that PEPE prices might decline further, but a potential rebound to key support levels could occur if market sentiment improves.
**Key Points:**
- Pepe Coin’s price dropped by 6% due to recent market corrections, indicating a bearish trend.
- The performance of Pepe Coin mirrors that of other meme coins, influenced by similar market conditions.
- Despite 72% of PEPE holders being profitable, the 23% of losing investors might intensify selling pressure.
- Increased outflows are likely driven by investor concerns over potential future price declines.
- Pepe Coin has been trading around $0.0000095 in the past 24 hours, showing considerable volatility.
- Technical analysis reveals that PEPE’s relative strength index (RSI) is in an oversold condition, maintaining a bearish outlook.
- Should market sentiment improve, there is a possibility for PEPE to rebound to the resistance level of $0.0000095.
