The price of PEPE has decreased by 32% amid bearish sentiments
PEPE Memecoin is facing prolonged bearish momentum, trading below key exponential moving averages with weak social metrics.
Indicators suggest a sell signal as the price of PEPE drops by 32% in one month,
the price of the Pepe cryptocurrency is experiencing bearish momentum and has decreased by 32% over the month. It has already broken the critical support level at $0.0000078869. Furthermore, a death cross is also appearing on the technical chart,
In early December 2024, the price of PEPE reached a high of $0.0000283327, but the price stalled as buyers failed to maintain the upward momentum. Since then, the price has been in a lower bearish momentum below the key exponential moving averages.
The price of PEPE has been in a bearish momentum for a long time. The price of PEPE has so far decreased by approximately 65.48%, and over three months, it has dropped by 68.14%. In the past month, it has decreased by roughly 32% and in the past week, it has fallen by 16.24%.
CoinMarketCap, at the time of writing this report, the price of PEPE is trading at $0.0000068519 with a daily decrease of 4%, indicating a downward trend. The daily trading volume has increased by 1.61%, and the volume to market ratio is 18.67%, indicating good liquidity. Moreover, the market capitalization is $2.88 billion, and the 24-hour trading volume is $543.28 million.
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