Pepe Price Prediction: $800M Volume Puts PEPE on Red Alert - Is More Trouble Coming?

As the price of Pepe (PEPE) fell 6.5% over the previous 24 hours, as reported by CoinMarketCap, chart analysis indicates that the price could continue to decline in the coming days and weeks.

According to statistics provided by Yahoo Finance, trading volume was over $800 million for the sixth consecutive session on Friday.

Since the time it reached its highest domestic price in May, above $0.000017, Pepe's price has been moving within a downtrend channel.

It also recently broke below the 50DMA and encountered resistance on a retest of it. At the same time, 21DMA has acted as a resistance level.

Chart study indicates that Pepe could face losses. And the broader market downturn as Bitcoin (BTC) suffers withdrawals from US exchange-traded funds adds to the prospect of a negative outcome. Maybe further difficulties lie ahead.

However, a lot of traders will wait for the opportunity to buy Pepe's price when it drops. #Write&Earn $PEPE