The outlook for PEPE this month remains challenging, as indicated by data from CoinPedia.

PEPE coin experienced a relatively neutral start to the year, but with the rising popularity of memecoins, its value surged by over 500%. However, this bullish momentum stalled around the $0.000010 resistance level, leading to a subsequent downturn.

Currently, PEPE is facing a negative trend, with a correction of about 8% in the last 24 hours. Over the past seven days, it has seen a decline of 32.59%, and over the last 30 days, a drop of 24.89%, indicating significant selling pressure in the crypto market.

Technical analysis reveals a bearish curve in the Cross EMA 50-day, signaling a strong bearish sentiment. Additionally, the MACD indicator shows a consistent red histogram with declining averages on the chart.

For PEPE to regain bullish momentum, it needs to maintain support above current levels, potentially testing resistance at $0.00000785. Conversely, a bearish reversal could push the price back down towards its previous low of $0.00000400.

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