Analysis 📊: PEPE Coin Could Drop 5%! Test Important Support Levels 🩸🔥🔔📈👇👇

After its recent breakout, PEPE coin has seen a significant decline as it moves to retest critical support levels. This process is crucial for the cryptocurrency, as it will determine whether the bullish momentum can continue or whether the price will struggle to stay above this level. 🩸🔥

On the 4-hour chart, PEPE is currently trading above the 100-day simple moving average (SMA), indicating an overall positive trend. However, the coin is seeing significant bearish momentum that could push the price towards the $0.00000766 level for a crucial retest. 🩸🔥

In addition, on the 4-hour chart, the Relative Strength Index (RSI) signal line is currently at 66%, moving down from the overbought zone towards the 50% threshold. This decline indicates an increase in negative momentum, suggesting a greater possibility for PEPE to approach the $0.00000766 support level. 🩸🔥

On the 4-hour chart, PEPE appears to be moving towards the $0.00000766 support level while approaching the 100-day SMA. Despite this short-term decline, the recent positive market sentiment suggests that this decline may be temporary and could lead to a rebound in the near future. $PEPE 🔥🔔