The Pepe meme coin price has declined more than 5% in the last 24 hours, though it remains positive on longer time frames.
Critical Support Level
Pepe's price is testing the crucial support level at $0.00002213. If it falls below this level in the next 12 hours, the next support could be at $0.00001929. Conversely, if it stays above, it might rise to $0.00002782.
Technical Indicators Suggest Further Decline
On PEPE's 4-hour chart, indicators like MACD and RSI point to a bearish trend. The MACD line crossing below the Signal line indicates increased bearish momentum. The drop in RSI below 50 suggests weakening buyer strength.
Trader Support in Wall Street Pepe
Amidst the bearish trend, investors may find interest in a Pepe derivative, Wall Street Pepe (WEPE), which aims to empower retail traders through access to exclusive market information and trading signals.
Meme coin prices continue to fluctuate under technical and market pressures. Despite the current downward trend, new derivatives like Wall Street Pepe are capturing investor interest for potential new opportunities.
