Pepe Price Prediction: PEPE Plunges 5% As Investors Flock To This Layer-2 Alternative That’s Just Blasted Past $2 Million
The Pepe price plunged more than 5% over the past 24 hours to trade at $0.00001089 as of 12:00 a.m. EST as investors cash out their positions in the meme coin. This latest drop has taken the PEPE price into the red by more than 15% over the past week and 25% in the last month. A Negative Trend Line Is Holding Down The Pepe Price 4-hour chart for PEPE/USD (Source: GeckoTerminal ) A medium-term negative trend line has emerged on PEPE’s 4-hour chart after the meme coin printed multiple lower higher and lower lows throughout the past couple of days. Should bears continue to apply pressure to the altcoin, the Pepe price could be at risk of falling below the immediate support level at $0.00001083 in the next few hours. A breach of this technical crutch might then expose PEPE to the risk of falling to as low as $0.00000983 in the following 24 hours. This bearish thesis could, however, be invalidated if the Pepe price manages to remain above $0.00001083 for the next 12 hours. In t...