The post PEPE Price Analysis: Volatility High For PEPE As Stand At $0.0000010 Crossroads? appeared first on Coinpedia Fintech News
Despite 68.53% of holders in the red, PEPE is slowly becoming a new strong meme coin in the industry. In the recent correction, the PEPE coin price falls drastically by 26% to the crucial support of $0.0000010574, aligning with the 78.60% Fibonacci level.
Cooling down the selling spree, buyers hold off the selling spree at $0.0000010574, leading to a sideways trend. However, the growing bearish influence threatens the bullish dominance at this psychological level.
PEPE coin price action displays a short-term resistance trendline influencing a bearish pressure over the recovery attempts. Even the price action forms a head and shoulder pattern with the bottom support at $0.0000010574.
Currently, PEPE is trading at $0.0000010766 with an intraday loss of 1.41% but displays lower price rejection from the crucial support zone.
Moreover, the RSI indicator sh
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