CandleFocus PEPE’s Fail to Break $0.000011 Resistance Could Trigger 22% Drop
2024-09-30
Author: Content Editor
The frog-themed meme coin Pepe (PEPE) is facing resistance at the $0.000011 price level, which it has failed to break through multiple times. Despite a 36% price increase over the past week, PEPE's price has dropped by 2% in the past 24 hours and is currently trading at $0.000010. The large holders of PEPE have been gradually selling their coins, indicating bearish sentiment and a potential risk of price decline. PEPE's Balance of Power (BoP) readings are also negative, further supporting the bearish sentiment. If selling pressure increases, PEPE's price may drop by 22% or even further. On the other hand, if buying activity picks up, PEPE could potentially break through the $0.000011 resistance and climb to $0.000014.
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