The price of the memecoin PEPE the frog has declined by over 50% from its all-time high of $0.000028. The price has failed to meet expectations and has seen significant decline, with bears looking to push the price lower. The recent decline in Bitcoin's price has also affected the price of PEPE and other altcoins. The market expects a bounce from the current support zone to a high of $0.0000125, but there is a risk of a further decline if the price breaks below the current support level. PEPE's price is currently trading below its 50-day and 200-day EMAs, indicating a bearish trend. Traders and investors are cautious around this level and a clear break above $0.000015 could signal a good entry for buy positions.



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