Pepe Token Price Shows Signs of Decline: Is $0.000015 Next?
Popular meme coin Pepe (PEPE) reached an all-time high of $0.000025 on November 14, but has since fallen 20% as profit-taking increased.
Currently trading at $0.000020, price chart indicators indicate the potential for further declines. This analysis identifies key price levels that token holders should monitor.
Peppa Bear establishes dominance
On the PEPE/USD one-day chart, the altcoin’s Chaikin fund flow is about to break above the zero line. As of this writing, the momentum indicator Sit on the center line.
CMF is an indicator that measures asset accumulation and distribution by comparing price movements to trading volume over a specified period. When it falls, it indicates there is more distribution (selling pressure) than accumulation (buying pressure), indicating that bullish momentum is waning.
final descent PEPE’s CMF is below zero The line would confirm a trend reversal and signal a resurgence of bearish momentum, putting additional downward pressure on its price.
Additionally, PEPE’s Moving Average Convergence Divergence (MACD) setup confirms this bearish bias. As of this writing, the coin’s MACD line (blue) is below the signal line (orange).
This indicator measures an asset’s price trend and momentum and identifies potential reversal points. As is the case with PEPE, when the MACD line is below the signal line, the asset price is experiencing downward momentum, which is a selling opportunity for most traders.
PEPE Price Prediction: Drop to $0.000015 or rebound to new all-time highs?
At press time, PEPE token price was just above the key support level at $0.0000018. Increased selling pressure could push the meme coin below this threshold and its value could drop to $0.000015.
Instead, a surge in new demand may trigger Rally to $0.000021a decisive break above this level would see the PEPE token price return to its all-time high of $0.000025.
Disclaimer
conform to trust project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
