Pepe crashes from ATH by 70 %, how deep can it still fall? (PEPE price analysis)

Pepe crashes from ATH by 70 %, how deep can it still fall? (PEPE price analysis)

After the bladder has burst, Pepe is desperate in search of support.

Important support levels: 0.0000011 $

Important resistance level: 0.0000020 $

The Pepe rally ended quickly after the market capitalization exceeded the $ 1 billion mark. Bubbles require more money exponentially to continue to bloze away, and in the case of this memes coin, the money went out in early May. Since then, the price has fallen by 70 %.

The next important support level of Pepe is $ 0.0000011, where the interest of buyers could increase again. The current resistance is $ 0.0000020.

Diagram of tradingview

trade volume: In the past few days, the sellers have dominated the seller. Both the volume and the price closed in the minus in the last three days.

rsi : The daily RSI fell below 50 points and there are no signs of reversal. That is pessimistic.

macd : The daily MacD made a declining cross on Monday and since then the price has continued to reach lower lows.

Diagram of Tradingview

bias

The tendency for Pepe is bearish.

Short-term forecast for the PEPE Prize

It is important to see how the price reacts when it reaches the important level of support. If buyers show interest, Pepe could bounce off this level and test the important resistance at $ 0.0000020.

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