🐸 $PEPE ’s 950% Explosive Gains Threatened by Bear Takeover

The price of Pepe ($PEPE ) has surged 956% in the past 365 days. However, despite hitting a new all-time high in May, the meme coin could be on the verge of further losses.

At press time, PEPE’s market cap sits at $0.0000073. As sellers begin to take control, the coin’s bullish momentum faces serious challenges, signaling a potential slowdown in its price trend.

🔸#PepeNow in Make or Mar Position

On the 4-hour chart, PEPE is trading near the 20-day and 50-day exponential moving averages (EMAs), key technical indicators used to gauge the trend of a cryptocurrency.

Historically, PEPE price has seen extended rallies when trading above these EMAs. For example, on August 22, the 20-day EMA (blue) crossed above the 50-day EMA (yellow), forming a golden crossover — a bullish signal. At that time, PEPE was trading around $0.0000078, and within three days, the price had climbed to $0.0000096.

However, right now, the two EMAs are converging, indicating that PEPE’s short-term potential is at a crucial turning point. This could either lead to a further increase in price or signal a further decrease depending on market momentum.

For context, bulls represent addresses that bought at least 1% of the total trading volume during a specific period, while bears are those that sold a similar amount. When there are more bulls than bears, it usually signals a potential price increase.

However, since there are currently more bears than bulls, the PEPE price could see a significant decline.

🔸 PEPE Price Prediction: Bulls in Trouble

Regarding price forecasting, the In/Out of Money Around Price (IOMAP) measure