- PEPE faces resistance at $0.00000134 amid bearish momentum, sinking the price to a 7-day low.
- The declining market cap and volume may hinder PEPE’s recovery.
- Oversold indicators hint at a potential price bounce for PEPE.
Attempts by Pepe (PEPE) market bulls to stage a recovery over the past day have met resistance at $0.00000134 as the underlying market continues to slide lower. As a result, selling pressure persisted in the PEPE market, pushing prices down to a 7-day low of $0.000001264 before finding support.
PEPE was priced at $0.000001269 at the time of publication, representing a 4.29% drop from its previous high. If bearish momentum breaks through the $0.000001264 support level, the next level to watch is $0.0000012, a 30-day low.
This movement would indicate a continuation of the downward trend in the PEPE market and could attract additional bearish activity. However, recovery is possible if buyers step in and push the price back toward $0.00000134, indicating a possible reversal of the current downward trend.
PEPE’s market capitalization and 24-hour trading volume fell by 4.20% and 28.53%, to $497,267,834 and $82,397,217, respectively. These mar…
The post Bears Sink PEPE to a 7-Day Low, Oversold Markets Hint Recovery appeared first on Coin Edition.
The post Bears Sink PEPE to a 7-Day Low, Oversold Markets Hint Recovery appeared first on Coin Edition.