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What's next for PEPE this month?
(note: the post contains data by CoinPedia)
The PEPE coin price displayed a neutral start to the year, however, as the hype for memecoins gained traction, the PEPE price recorded a jump of over 500% in valuation. Following this, the bulls lost momentum at the resistance of $0.000010. Since then, the price has been trading under a bearish influence.
The PEPE price continues to display a negative trend by recording a correction of approximately 8% within the past 24 hours. Moreover, the memecoin has lost 32.59% within the past seven days and 24.89% over the past 30 days, highlighting increased selling pressure in the crypto industry.
The Cross EMA 50-day shows a bearish curve, indicating a strong bearish influence for this altcoin in the market. Furthermore, the technical indicator, MACD, shows a constant red histogram with its averages displaying a steady decline in the chart.
If the market holds the PEPE token above the support level, the bulls will regain momentum and prepare to test its upper resistance level of $0.00000785. However, a bearish reversal may pull the price toward its low of $0.00000400.
#BullorBear #Megadrop #Memecoins #pepe #PEPE
$PEPE
(note: the post contains data by CoinPedia)
The PEPE coin price displayed a neutral start to the year, however, as the hype for memecoins gained traction, the PEPE price recorded a jump of over 500% in valuation. Following this, the bulls lost momentum at the resistance of $0.000010. Since then, the price has been trading under a bearish influence.
The PEPE price continues to display a negative trend by recording a correction of approximately 8% within the past 24 hours. Moreover, the memecoin has lost 32.59% within the past seven days and 24.89% over the past 30 days, highlighting increased selling pressure in the crypto industry.
The Cross EMA 50-day shows a bearish curve, indicating a strong bearish influence for this altcoin in the market. Furthermore, the technical indicator, MACD, shows a constant red histogram with its averages displaying a steady decline in the chart.
If the market holds the PEPE token above the support level, the bulls will regain momentum and prepare to test its upper resistance level of $0.00000785. However, a bearish reversal may pull the price toward its low of $0.00000400.
#BullorBear #Megadrop #Memecoins #pepe #PEPE
$PEPE
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