The popular meme coin Pepe (PEPE) has experienced a 28% price drop recently but has reached a crucial support level of $0.00000928, indicating a potential price reversal. This has led to significant outflows of $20 million from exchanges, suggesting potential accumulation by investors and long-term holders. Traders are also betting on the bullish side, with over-leveraged long positions. Expert technical analysis suggests a possible 36% increase to reach a resistance level of $0.000013. However, PEPE is currently trading below the 200 Exponential Moving Average (EMA), indicating a downtrend. Its current price is near $0.0000094, with a 2.10% drop in the past 24 hours.



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