Price of coin $PEPE

It dropped today to around $0.000009, confirming the continued sharp bearish momentum in the market. Here’s an updated analysis based on the latest data and forecasts:

---

📉 Current price situation

CoinCodex's forecasts indicate that the price may continue to decline and reach $0.000009 by June 21, 2025, representing a 23.3% drop over 5 days from an approximate price of $0.000010 at the time of research.

Real-time data from Crypto.com and Kraken confirm a price drop to around $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.

---

Reasons for the decline

Selling costs have recently shifted due to losing position holders who started to realize losses, and the supply of the currency on exchanges is increasing, adding to the selling pressure.

Negative sentiment is increasing due to weak technical momentum (RSI indicators around 40 and MACD showing bearish signals).

---

Have we reached the bottom?

Forecasts suggest 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.

---

Recommendations and Outlook

If you currently hold the position:

Set a stop-loss just below the level of $0.0000088 to secure the loss.

Watch for signs of breakdown in the bearish momentum pattern, such as a clear rebound from support or reversals in RSI or MACD.

If you are considering entering now:

Buying around $0.000009 poses a high speculative risk, 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 stages and a clear exit plan.

---

Summary

The price drop to $0.000009 confirms the validity of negative technical signals, with the possibility of 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 a high-risk tolerance and careful planning, there may be a speculative opportunity, but it is better to wait for clear reversal signs before making a purchase.

---

$PEPE #Investment #Cryptocurrencies #Cryptocurrency_Analysis