NewsletterPepecoin Price Analysis: Will the Falling PEPE Price Lose $0.00000084 Support?
Pepepcoin Price Analysis: Similar to the majority of major cryptocurrencies, the PEPE price prolongs its correction trend amid the increased selling pressure in the crypto market. The downtrend continuation formed new lower lows and lower highs indicating an established downtrend. The falling price recently breached another local support of $0.00000096, suggesting that this memecoin is poised for further downfall.
Also Read: Pepe Craze Enters NFT; Bitcoin Frogs Takes Top Spot
Pepecoin Price Daily Chart
- The downsloping trendline governs the current downfall in PEPE price
- The $0.000000842 stands as a strong accumulation zone
- The 24-hour trading volume in the Pepecoin coin is $126.5 Million, indicating a 43.5 % loss.
Source-Tradingview
With the June 10th sell-off, the PEPE price gave a decisive breakdown below the $0.000000963 support. By the press time, this memecoin trades at $0.0000009138 and continues to waver below the breached support trying to obtain suitable resistance.
The breakdown set the prices for a potential downfall of 9% and hit the $0.000000842 multi-month support. On June 10th, the PEPE price showed a long-wick rejection at the $0.000000842 support indicating buyers are actively accumulating at this support.
If the coin manages to sustain above the aforementioned support, a potential reversal will assist buyers to challenge the overhead trend, this downsloping resistance has been carrying a steady downfall in PEPE Price over the past three weeks.
Until this trendline is intact, the PEPE may whiteness an aggressive downfall.
Will Pepecoin Coin Sustain Above the 0.000001 Mark?
Over the last three weeks, the PEPE price witnessed multiple reversals from the downsloping trendline. Thus, the potential buyers waiting for an entry opportunity should wait for a breakout above the overhead trendline. Thus, this will signal an early sign of trend reversal and could push the PEPE price back to $0.0000016.
- Relative Strength Index: Despite a lower low formation if the chart, the RSI slope shows massive recovery indicating
- Exponential Moving Average: The 50-day EMA acts as dynamic resistance against coin buyers.
- Base–Solana Bridge Goes Live With Chainlink Integration, Boosting Cross-Chain Liquidity
- Bitwise CIO Calls Strategy Bitcoin-Sell Narrative “Flat Wrong” in New Client Memo Note
- MetaMask Integrates Polymarket as Crypto Prediction Markets Gain Ground
- Breaking: CFTC Greenlights Spot Crypto Trading on Regulated U.S. Exchanges
- TradFi Attack On Crypto? Ken Griffin’s Citadel Asks SEC to Tighten Rules on DeFi Protocols
- What’s Next for Dogecoin Price After Whales Scoop 480M DOGE?
- Can Solana Price Bounce Back to $200 by End of 2025?
- Cardano Price Prediction Ahead of Midnight Sidechain Launch — Is ADA Headed for $0.85?
- Sui Price Eyes $2+ as SEC Approves First 2X Leveraged SUI ETF
- Pi Network Price Shows Signs of Recovery as Unlock Rate Cools
- Bitcoin Price Could Break $100k as Odds of 3 Rate Cuts Hit ATH
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
