PEPE News: Bears Aim for Double-Digit Drop in Pepe Price

The price of Pepe (PEPE) is on a decline, and investors should brace for a potential double-digit drop according to recent market analysis. Here’s a closer look at the factors influencing PEPE’s price movement.

Pepe (PEPE) Price Forecast: Bears Target Double-Digit Drop

Pepe price is extending its decline and trades around $0.0000068 on Tuesday after falling more than 18% the previous day. On-chain data shows that PEPE’s daily active addresses and trading volume are falling, indicating a bearish picture. The technical outlook suggests a further correction targeting a double-digit drop. PEPE price broke below the ascending trendline (drawn by connecting multiple lows since mid-April) on February 24, signaling further weakness.

PEPE Bulls Defend Critical Price Level – Is a Breakout or Breakdown Next?

Pepe, a meme coin, is down 15.49% amid the broader market’s reaction to Trump’s “tariff war.” The downtrend may be nearing its floor around $0.000007. Bulls attempted a recovery on Monday but failed, pushing PEPE further down the ranks. With trading volume down 22% to $1 billion, a bottom may be forming. A decisive breakdown could send PEPE tumbling to $0.0000023, marking a potential 200% decline from current levels.

PEPE: Rejected at $0.00009 – Recovery Unlikely

Pepe, the memecoin, fell below the support zone from February and remains under bearish control. The slight bullish momentum divergence may not lead to a significant price bounce soon. The token retested a key level as resistance after slipping below the 78.6% retracement level from the rally in the second half of 2024. The loss of the February lows indicates strong bearish pressure. Pepe’s decline was a common theme across the market, especially in the memecoin sector. The price could fall to the August 2024 low or even deeper.