Urgent 🚨🔥

What is the reason for the drop of PEPE coin.. and based on the image should you buy the coin now, or sell what you have of it!?

Here’s the explanation through the current PEPE/USDT analysis:

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Basic data:

Current price: 0.00001304 USDT

24-hour decline: -5.16%

Highest price in 24 hours: 0.00001415

Lowest price in 24 hours: 0.00001291

Price below MA60 = 0.00001314 (this means a downward trend)

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Technical indicators from the image:

The overall trend is clearly downward, and the price is gradually decreasing with no strong rebound.

Trading volumes do not show strong buying momentum currently.

Today's performance and the last seven days have started to weaken (today only +0.53%) after strong performance over the past 30 days (88%).

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Possible reasons for the drop in the coin:

1. Profit-taking after a strong rise over the past weeks.

2. Selling pressure from large whales.

3. Lack of new positive news to push the price higher.

4. General market volatility or correction in meme coins.

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Should you buy or sell?

If you own the coin:

If you are in a large profit, it’s better to partially sell now to secure profits.

If you are at a loss, I do not recommend selling now as the coin may rebound within today or the coming days, especially if rebound candles appear.

If you are considering buying:

I do not recommend buying now, as the trend is still downward.

Wait for a strong reversal candle to appear or a clear break above MA60 (i.e., the price consistently exceeds 0.00001314).