#Pepe

Trade Pepe now . . strong bearish trend❤❤❤❤❤$PEPE

𝘼𝙣𝙖𝙡𝙮𝙨𝙩 𝙋𝙧𝙚𝙙𝙞𝙘𝙩𝙨 𝙋𝙚𝙥𝙚 𝘾𝙤𝙞𝙣 𝙋𝙧𝙞𝙘𝙚 𝘾𝙧𝙖𝙨𝙝 𝙖𝙨 𝙒𝙝𝙖𝙡𝙚 𝘿𝙤𝙢𝙞𝙣𝙖𝙣𝙘𝙚 𝙃𝙞𝙩𝙨 2023 𝙇𝙤𝙬𝙨- 𝙄𝙨 𝙎𝙚𝙡𝙡-𝙊𝙛𝙛 𝙩𝙤 $0.000007 𝙉𝙚𝙭𝙩?

Pepe Coin price trades at $0.0000101 today, August 5, with a notable 4% drop in 24 hours. The meme coin’s ongoing bearish correction comes as a top analyst warns that it might crash to $0.0000070. Meanwhile, whale addresses are exiting, and this is causing the long/short ratio to tumble as bearish sentiment grows.

According to analyst Matthew Dixon, Pepe Coin is standing at a make-or-break point. Looking back at last month’s performance, he points to a bearish divergence on the RSI as a trigger behind the drop from $0.00001448 to $0.0000106 in just two weeks.

He says that because of this crash, two things could happen: the price will continue with the downside or start to bounce. However, the trajectory that the Pepe Coin price takes will depend on whether or not support will hold.

Dixon’s analysis places the support zone between $0.00001 and $0.0000095. He notes that if this top meme coin drops below here, the acceleration to the lower side will be intense. Losing this zone could create panic sellers who force the price to $0.000007.

However, he adds that if there is a chance for bulls to retake control, the resistance zone between $0.0000115 and $0.000012 will play a pivotal role. Reclaiming thus could commence a larger move. However, the main sign that this is going to happen is a bullish divergence with the RSI.

The analyst notes that under current conditions, Pepe Coin is firmly locked in a make-or-break zone in the short term. However, the long-term Pepe Coin price forecast for 2025 and beyond suggests the tides could eventually turn in favor of bullish traders.