The price of the PEPE meme coin has been experiencing significant challenges due to declining crypto prices. It has dropped by 13% in valuation over the past 24 hours, falling below the $0.000015 psychological threshold. The newly launched TRUMP token has surpassed PEPE to become the third-biggest meme coin, triggering a sell-off in PEPE. Technical analysis suggests that PEPE may continue to decline and could test the $0.000010 mark. However, there is a strong support zone at this level, which may lead to a potential bullish reversal. Despite the price drop, a majority of addresses holding PEPE are still in a profitable position.



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