The price of PEPE cryptocurrency has shown signs of weakening momentum, leading to a nearly 10% drop in the last 24 hours. Key technical indicators, such as the EMA lines and ADX, suggest that the recent uptrend is losing steam and that PEPE may test important support levels in the near future. The ADX has dropped significantly, indicating a lack of strong directional momentum and a period of consolidation. PEPE's 1D MVRV ratio is currently negative, suggesting that recent investors are holding the coin at a loss. The EMA lines are neutral, reflecting market indecision. If bullish momentum picks up again, PEPE could challenge resistance levels, but for now, the market remains uncertain.
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