The price of the PEPE coin has dropped today to around $0.000009, confirming the continuation of the sharp downward momentum in the market. Here is an updated analysis based on the latest data and forecasts:
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📉 Current Price Situation
CoinCodex forecasts suggest that the price may continue to decline and reach $0.000009 by June 21, 2025, representing a 23.3% drop over 5 days from the approximate price of $0.000010 at the time of research.
Real-time data from Crypto.com and Kraken confirm a price drop to about $0.00000993 and $0.0000099 respectively, with a trading volume of nearly one billion dollars.
Technical analysis from FXStreet indicates that the price is approaching a critical support line at $0.0000103, and failing to maintain it could lead to further declines towards $0.0000088 or below.
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Reasons Behind the Decline
Selling pressures have recently increased due to losing position holders who have started to take losses, and the supply of the coin on exchanges is rising, increasing selling pressure.
Negative sentiment is increasing due to weak technical momentum (RSI indicators around 40 and MACD showing bearish signals).
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Have we reached the bottom?
Forecasts indicate the possibility of the price reaching a temporary bottom at $0.000009, with a potential corrective scenario if it stabilizes above support levels.
If the price fails to hold, the next support level is at $0.0000088–$0.0000079.
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Recommendations and Future Outlook
If you are currently holding a position:
Set a stop-loss below the level of $0.0000088 to secure the loss.
Watch for signals indicating a breakdown of the downward momentum pattern, such as a clear rebound from support or reversals in the RSI or MACD.
If you are considering entering now:
Buying around $0.000009 will be considered a high-risk speculation, as a quick rebound may occur if support holds.
However, if the selling momentum continues, the price may drop to levels of $0.0000088 or lower, requiring entry in several phases and a clear exit plan.
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Summary
The price drop to $0.000009 confirms the validity of negative technical signals, with the potential for continued decline on the near horizon. However, this lower bar represents an important support point that may end with a temporary reversal. If you have the ability to bear significant risks and careful planning, there may be a speculative opportunity, but it is better to wait for clear reversal signs before taking a buying step.
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