CandleFocus Pepe Coin Price 70% Downside Risk As Key Reversal Pattern Emerges
2025-01-14
Author: Content Editor
During the U.S. market session, the crypto market saw Bitcoin's price drop below $90k, causing selling pressure and impacting meme coins like Pepe. The price of Pepe coin is nearing a major breakdown, signaling a prolonged downfall. However, recent data shows significant whale activity in the accumulation of Pepe and Jasmy tokens, indicating renewed interest and buy-the-dip sentiment from investors. The Pepe coin price has already decreased by 23% in the last 10 days, and if it breaks below a key support level, it could see a further 70% loss. On the other hand, if the support holds, it suggests continued demand pressure and consolidation for the asset.
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