🚀 $PEPE Price Prediction: Meme Coin Trades Below Key Moving Average - BeinCrypto Analytics

At its current price, PEPE trades below its 20-day Exponential Moving Average (EMA), which represents an asset’s average price over the past 20 days. 

When the price drops under this key moving average, the asset trades lower than its average price in the past 20 days. It is a bearish sign and signals a shift in market trends from buying to selling.

Readings from PEPE’s Moving Average Convergence Divergence (MACD) confirm the shift in sentiment. On June 1, the token’s MACD line (blue) crossed below its signal line (orange) towards the zero line.

This intersection signals that selling pressure outweighs buying activity, and the bears now dominate the market. 

If the bearish influence in the PEPE market continues to surge, it might force its price to $0.000011.

However, if invalidated and the bulls regain market control, PEPE may push higher toward $0.000013.