PEPE Price Faces Potential 47% Drop if Key Support Levels Fail | Airdrop Alert Pro

PEPE’s price has fallen nearly 8% in the past 24 hours, just days after hitting an all-time high on December 9. Momentum indicators, including relative strength index It is 33.3, indicating that PEPE is close to the oversold area, but has not yet reached the key threshold of 30, leaving room for further correction.

Additionally, the 7D MVRV ratio is -9.3%, indicating significant losses for short-term holders, with historical data suggesting a possible decline to -12% to -15% before rebounding. Whether PEPE holds key support at $0.0000188 or breaks below may determine its next major price move.

PEPE RSI is not yet in oversold territory

PEPE The RSI is currently at 33.3, reflecting the sharp decline since December 16th. This indicates that the Meme token is approaching oversold territory, with its RSI approaching the critical threshold of 30.

The sharp decline in the RSI, coupled with the sustained 8% correction over the past 24 hours, indicates increasing selling pressure and bearish sentiment in the near term.

RSI (Relative Strength Index) measures the speed and magnitude of price changes to assess whether an asset is overbought or oversold. An RSI value above 70 indicates overbought conditions, which often signals a potential pullback, while an RSI value below 30 indicates oversold conditions, which may signal a rebound ahead.

and PEPE With the RSI at 33.3 and approaching oversold levels, prices are likely to continue to face downward pressure, but if buyers step in at these lower levels, a rebound is possible.

MVRV ratio suggests adjustments may continue

PEPE The 7D MVRV ratio currently stands at -9.3%, down significantly from the all-time high of 17% on December 8. This negative MVRV suggests that, on average, short-term holders are now at an unrealized loss. The recent decline reflects increasing selling pressure, suggesting that the current correction may continue in the near term.

The 7D MVRV ratio measures the average profit or loss of a coin that has moved over the past seven days relative to its current market value. Historical data shows that PEPE’s 7D MVRV typically reaches levels around -12% to -15% before prices recover.

If this trend continues, the current level of -9.3% suggests further declines are likely before then PEPE Find the bottom and start bouncing back.

PEPE Price Prediction: A 47% Retracement Possible Soon?

Support at $0.0000188 is a key level PEPE priceas a break below this level could lead to further declines. If this support fails, PEPE A test of $0.000017 is possible, with a possible drop to $0.000011, a 47% retracement from current levels.

This bearish outlook is reinforced by the EMA line, which forms a death cross when the short-term EMA is below the long-term EMA, indicating continued downward momentum.

On the other hand, if PEPE price If it can regain positive momentum, it could challenge the $0.0000227 resistance.

A break above this level could open the door to further gains with targets at $0.0000259 or $0.000028 if the uptrend strengthens.