#Pepe

Trade now . . crash is coming ❤❤❤ ❤$PEPE

𝙋𝙚𝙥𝙚 𝘾𝙤𝙞𝙣 𝙋𝙧𝙞𝙘𝙚 𝙖𝙩 𝙍𝙞𝙨𝙠 𝙤𝙛 𝙖 53% 𝘾𝙧𝙖𝙨𝙝 𝙖𝙨 𝙒𝙝𝙖𝙡𝙚 𝘽𝙪𝙮𝙞𝙣𝙜 𝙎𝙡𝙤𝙬𝙨- 𝙒𝙝𝙮 $0.000001092 𝙎𝙚𝙚𝙢𝙨 𝙇𝙞𝙠𝙚𝙡𝙮

Pepe Coin price continued dropping today, July 30, as most meme coins plunged. It is in the second consecutive week in the red, and technicals point to a deeper dive after forming the highly bearish head-and-shoulders pattern.

The bearish Pepe price forecast is also based on the fact that whales have stopped or paused their recent accumulation.

The weekly chart shows that the Pepe Coin price surged and peaked at a record high of $0.00002815, its highest swing in December last year. It then plunged and found a bottom at $0.000005678.

A closer look shows that the token has formed the highly bearish head-and-shoulders pattern. This pattern’s head is at $0.00002815, while the right and left shoulders are at $0.00001700. The neckline is at $0.000005678.

This pattern often leads to a strong bearish breakdown over time.

In Pepe’s case, the distance between the head and the neckline is about 80%. Measuring the same distance from the neckline yields a target price of $0.000001092, which is approximately 90% lower than the current level. This target price is the lowest it has been since February last year and will be confirmed if it moves below the neckline.

The bearish Pepe price forecast 2025 will become invalid if it jumps above the right shoulder at $0.00001700. Soaring above that level will point to more gains, potentially to the all-time high of $0.00002815.

Another macro factor is that the Federal Reserve will likely not cut interest rates in its meeting on Thursday. The case for a more hawkish Fed gained momentum after the US released strong second-quarter GDP data and non-farm private payrolls data.