The Pepe Price Plunges 7% As Experts Say This P2E Doge Derivative Might Be The Best Meme Coin To Buy Now
The Pepe price plunged more than 7% over the past 24 hours to trade at $0.00001185 as of 12:00 a.m. EST as investors dump their holdings in the meme coin.
The PEPE price is now down more than 17% in the past week, although it’s still in the green by more than 18% in the last month.
The Pepe price dropped below the key support at $0.00001282 over the past 24 hours. PEPE is now at risk of falling to the subsequent mark at $0.00000953 as a result. Continued sell pressure if the meme coin falls to this point might then lead to the Pepe price plummeting to as low as $0.00000738 in the short term.
However, this bearish thesis could be invalidated if PEPE is able to close a 4-hour candle above $0.00001282 within the next 24 hours. Traders might then look to enter into a long position for the meme coin, which could boost the Pepe price to the next major resistance level at $0.00001535.
In an extremely bullish scenario, PEPE might attempt to flip the $0.00001535 resistance into support. This could then give it a strong technical foundation to rise off from and potentially climb to $0.00001889.
