Pepe Price Prediction: PEPE Price Hints A 20% Plunge This Month?
Release: 2024/06/11 18:04 Reading: 226
Pepe Price Forecast: Potential 20% Dip This Month?
With Bitcoin falling below $68,000, memecoins have taken a hit, including Pepe token, which has lost approximately 2% daily and 13.96% weekly.
Pepe Token Price Analysis
Pepe cryptocurrency has been bearish, with a 157.85% surge followed by a pullback at $0.00001150 resistance. Bulls pushed the price to $0.00000880 support, after which it doubled to $0.00001718 ATH on May 27th.
After reaching ATH, Pepe memecoin has seen strong bearish reversal and is trading with selling pressure.
The MACD indicator displays a rise in the red histogram, indicating increased selling pressure. Falling averages suggest further value loss.
Price Projection
If support at $0.00001150 holds, Pepe price could retest resistance at $0.00001410 and potentially challenge its ATH.
Conversely, if bears gain momentum, Pepe token may break below $0.00001150 support and drop to $0.00000880.
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