#PEPE

#Pepe is struggling to float above its $0.00001000 psychological support. However, the meme coin is down nearly 10% so far this week, flashing a bearish trend as the path of least resistance.

The declining meme coin could close the daily candle below the $0.00001000 psychological support. In such a scenario, PEPE could test the support zone near $0.00000900, marked by a green band on the daily chart, last tested on April 26.

As the PEPE/USDT pair falls, the momentum indicator signals a bearish bias. The RSI at 38 draws closer to the oversold zone while the MACD indicator declines with a fresh wave of bearish histograms.