PEPE Price Faces Potential 20% Crash After Bearish Turn
- PEPE’s price reversed from bullish to bearish after breaking an Ascending Triangle pattern.
- A critical resistance level is identified at $0.000008, with a potential 20% crash if not surpassed.
- The first minor support is at $0.0000065, with a deeper support zone at $0.0000055.
- Resistance aligns with the 200 Exponential Moving Average (EMA), Fair Value Gap (FVG), and Fibonacci Golden Zone.
- A possible bullish scenario exists if PEPE closes above the $0.000008 resistance, potentially reaching $0.0000085 or higher.
Currently trading at $0.00000698, PEPE’s price may face a 20% decline if it fails to break above the $0.000008 resistance level, according to analysts’ projections based on technical indicators like the 200 EMA and Fibonacci levels.
Source (2.6)https://www.newsbtc.com/analysis/pepe/pepe-breaks-ascending-triangle/?rand=52377