CandleFocus PEPE Crashes 79% From Peak: Is Reversal Imminent?
2025-03-11
Author: Content Editor
The frog-themed cryptocurrency Pepe has experienced a significant price dip, falling 79% from its all-time high in December 2024. This decline has been further affected by the emergence of a "death cross" pattern, indicating bearish momentum. Currently, Pepe is down 8.65% in the last 24 hours and 11% in the past week. The cryptocurrency market, in general, has seen $912 million in liquidations, with Pepe alone reporting over $2.2 million in liquidations in the last 24 hours. Despite this decline, there is potential for a price rebound, as the Relative Strength Index (RSI) has reached oversold levels. The future price of Pepe may also be influenced by broader market sentiment and macro concerns.
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