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- 1 PEPE price is currently trading at $0.0000006766 with a drop of -4.31% in the last 24 hours with PEPEUSD having a current market cap of $265.085 Million.
- 2 PEPE price decreased by -15.52% over the past seven days.
PEPE crypto price has been on a downtrend for the past three months, as it faced resistance from the higher levels and formed lower lows. This shows that the bears have been in control and bulls have lost their momentum. The has also broken below the key moving averages, which indicates further weakness.
This has created a bearish pattern and erased the gains it made in the previous month. PEPE has returned to its previous lower level, which could act as a support.
The technical analysis suggests that the crypto is oversold and could bounce back from the lower levels.
PEPE price is in a correction phase but trading near to crucial support levels. If formed, a bearish candle indicates sellers are active and will try their best to down the price. PEPEUSD price closed the previous session at $0.0000006766 with an intraday down of -4.31%. If the buyers succeed in defending the current support then the possibility of a bounce back will increase. However, if the sell-off continues and PEPE drops more.
Buyers tried multiple times to break the higher range and expand upward. However, due to the strong presence of sellers, PEPE price faced rejection. It shows sellers are still active on higher levels.
Technical Analysis of PEPE Crypto Price in 1-D Timeframe
PEPE price is trading below the downward-sloping 50-day and 200-day EMA showcasing a downtrend. However, the PEPE price has gone far away from the EMAs.
The MACD generated a negative crossover and the histogram is also red indicating bearishness.
The current value of RSI is 24 points. The 14 SMA is above the median line at 29 points which indicates that the PEPE is bearish.
Weekly-Time Horizon Analysis
PEPE Crypto has shown sellers’ strength on the weekly charts. Moreover, the price traded below the key EMAs, which shows further weakness in the crypto. The RSI curve is near the oversold region at 50, and a negative outlook was noted.
Summary
PEPE Crypto price technical oscillators also support the bearish trend. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downturn may continue in the PEPEUSD price. PEPE Price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment.
Technical Levels
- PEPE Crypto Support Levels: S1 $0.0000005700, and S2 $0.0000003400.
- PEPE Crypto Resistance Levels: R1 $0.0000010100, and R2 $0.0000012500.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
