🚨 PEPE Coin Plunges: What to Expect Next 🚨
As the memecoin market faces turbulent times, PEPE Coin has not been spared from the bearish wave. Bitcoin's drop below a crucial support level has triggered significant declines across the board, with PEPE now in the spotlight.
📉 Current Status:
PEPE has fallen below a critical support level it held for nearly a week, indicating a fresh bearish trend. Trading at $0.000011, it’s struggling to find stability amid growing selling pressure.
📊 Technical Indicators:
Fibonacci Levels: PEPE failed to hold at the 0.618 Fibonacci retracement level and is now eyeing the 0.5 level as downward momentum continues.
RSI and MACD: The RSI is moving towards the lower end, and the MACD has shown a bearish crossover after a brief period of buyer resistance, underscoring the dominance of sellers.
🔍 Future Outlook:
Given the current setup, PEPE may soon break below the $0.00001 support level, potentially dipping to $0.000009 by the end of the month if the bearish sentiment persists. Investors should closely watch these key support and resistance levels for signs of any potential reversals or further declines.
Stay updated as we monitor PEPE's movements in these volatile times.
What are your predictions for PEPE?
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