$PEPE
🚨Will Pepe Coin Hold $0.000011 Amid Bear Market Control?🚨
On the daily chart, the Pepe coin price action shows a bullish failure to surpass the 50% Fibonacci retracement level at $0.000012. With a 3.59% drop on Wednesday, Pepe coin formed an evening star pattern near a support-turned-resistance level. This marks a post-breakout retest turnaround for Pepe coin, raising the risk of a drop below the 50-day EMA at $0.000011.
If the bearish trend persists, the 200-day EMA at $0.000011 remains the next crucial support level. However, if bearish pressure continues, Pepe coin could retest the next key supply zone near $0.0000090. Essentially, this short-term reversal shows the growing risk of the Pepe coin losing the $0.000010 psychological support.