CandleFocus

PEPE Continues 4-Month Downtrend Even As Short-Term Holders Exit

Author: Content Editor
The meme coin PEPE has hit a six-month low, causing investor confidence to decline and even uncertain holders to withdraw. Short-term holders have decreased their participation in the market, indicating a growing reluctance to engage with PEPE at current price levels. The prolonged downtrend has discouraged traders and technical indicators suggest persistent bearish conditions. Without a shift in market trends, PEPE could remain under pressure and potentially fall further. The only way for a reversal is if PEPE reclaims certain key resistance levels.

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