- The PEPE market faces bearish pressure as resistance holds firm at $0.000001641.
- Buyers breaking above the resistance level could prompt a possible bullish reversal.
- PEPE’s market capitalization dip reflects decreased investor activity and a lack of confidence.
In the past 24 hours, the Pepe (PEPE) market has faced significant bearish pressure as it encountered a strong resistance level at $0.000001641. This resistance has allowed bears to take control, pushing the price to a low of $0.000001528, where a support level was established.
Although the market remains under bearish momentum with a 3.91% decline to $0.00000156, there is still potential for a bullish reversal if buyers can break above the resistance level and regain control.
Should the support level at $0.000001528 be breached, it could trigger further downside movement, with the next support level anticipated around $0.0000015. On the other hand, if buyers successfully defend the support level and push the price back above the resistance level at $0.000001641, it could signal a potential bullish reversal and a shift in market sentiment.
The recent dip in PEPE market capitalization by 3.96% corresp…
The post Bearish Grip on PEPE Market Persists: Can Bulls Stage a Comeback? appeared first on Coin Edition.
The post Bearish Grip on PEPE Market Persists: Can Bulls Stage a Comeback? appeared first on Coin Edition.