Pepe coin price, a popular meme-based cryptocurrency, has faced a downturn amid the ongoing market correction. PEPE is trading bearish, slipping below its key support levels as Bitcoin’s performance influences altcoin trends. Currently, Bitcoin hovers below $95K, raising concerns of further declines. Will the PEPE price crash 50% as Bitcoin weakens further?
PEPE price is trading at $0.00001625, with a 8% decrease in the past 24-hours.
Bitcoin’s recent price weakness has raised concerns among analysts about its key support levels and broader market impact. Crypto analyst speculates that BTC holding $93,000 remains critical.
However, aggression from sellers could increase significantly if this level is lost. Based on technical analysis, there is a high likelihood of Bitcoin falling below this mark. If $93,000 gives way, the next target for Bitcoin is $85,000, but a brief dip further could unsettle potential buyers.
Pepe Coin price has also felt market pressure. Over the past week, the meme coin broke below the $0.00002 mark. This signals growing weakness as Bitcoin’s performance heavily influences altcoin movements. If Bitcoin continues to falter, Pepe Coin may see further declines.
