harisrahman
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$PEPE Could See 50% Crash If Support Fails – Warns Analyst.
This decline has brought the cryptocurrency close to forming a "Death Cross," where the 200-day Exponential Moving Average (EMA) crosses above the 50-day EMA—a pattern often associated with further downward momentum. If this crossover occurs, intensified selling pressure could push PEPE's price below the $0.00000839 support level, potentially leading to additional losses.
Crypto analyst Alan Santana highlights rising bearish volume and a break below the 200-day Moving Average (MA200) as major bearish signals for PEPE. The price has already retraced to the 0.618 Fibonacci level, and testing the 0.786 level could result in a significant crash. Santana identifies two critical support levels: around $0.000007, indicating a potential 25% decline, and just above $0.000004, which would represent an over 50% drop from current levels.
This decline has brought the cryptocurrency close to forming a "Death Cross," where the 200-day Exponential Moving Average (EMA) crosses above the 50-day EMA—a pattern often associated with further downward momentum. If this crossover occurs, intensified selling pressure could push PEPE's price below the $0.00000839 support level, potentially leading to additional losses.
Crypto analyst Alan Santana highlights rising bearish volume and a break below the 200-day Moving Average (MA200) as major bearish signals for PEPE. The price has already retraced to the 0.618 Fibonacci level, and testing the 0.786 level could result in a significant crash. Santana identifies two critical support levels: around $0.000007, indicating a potential 25% decline, and just above $0.000004, which would represent an over 50% drop from current levels.
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