Pepecoin has been showing a bearish trend on the market for the past week. The coin price has declined by 68.5% from its All-Time High of $0.00000449 to the current price of $0.00000231. Today, Pepecoin encountered further losses as it experienced a breakdown from a strong support level, indicating further downside. The coin price has since declined by 17% to May 1st and 2nd peaks of $0.0000014, presenting this as a potential support level. If the price gives a breakdown below this support, it could experience a 39% drop to hit the next major support of $0.00000085. Indicators also show that the selling momentum is high, with the Relative Strength Index slope dropping and the price being on the verge of breaking out of the 100 EMA slope. This could likely lead to more downside for Pepecoin unless the price rebounds from the $0.0000014 support.



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