Price Analysis View Non-AMP

PEPE Price Analysis: With PEPE Coin Price Crashing This Week, Is A Reversal On The Charts?

Published by
Sohrab Khawas

Despite 78% of holders in the red, PEPE becomes a highly affected meme coin in the bear market. With the recent correction, the PEPE prices undermine the bullish dominance at the demand block of $0.000001050 with a head and shoulder breakout. 

With the reversal from 50 EMA in the 4H chart, the PEPE prices nosedive 22% within 24 hours to reach the $0.0000008432 mark.

The sharp fall in the PEPE price breaks the psychological mark of $0.0000010, reaches $0.0000008432, and displays lower price rejection. Currently, PEPE is trading at $0.0000008672 with an intraday loss of 6.93%. 

Moreover, the RSI indicator drops back into the oversold zone despite the bullish divergence displayed at $0.0000010. 

Will PEPE Find A Reversal Chance?

With the correction rally gaining momentum, the PEPE coin price action forms a falling wedge pattern in the 1-day chart. The bearish pattern accounts for a 52% drop in 52 days as PEPE completes its fourth negative cycle. 

The lower price rejection in the daily candle reflects some buying pressure at the support trendline. However, the intense rise in selling pressure during the bear market lowers the chances of a bullish recovery. 

Nevertheless, the PEPE may find some sideways trend before the market recovers. 

Therefore, the PEPE price may continue a sideways trend between $0.0000008432 and $0.0000010. On a bearish note, a downfall below the support trendline will crash the meme coin to $0.0000006721.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

Ethereum Flips Bullish While Shiba Inu Prepares for Next Leg Up; Experts Consider This AI-Driven Asset Manager as the Future of DeFi

The Ethereum price soared over 5% this week and surpassed $2,700, while the Shiba Inu…

May 31, 2025

Analysts Forecast Uptrend For Tron: Can the AI Investment Platform, Unilabs, Outshine Solana This Year

While the Tron price is trading at $0.27, top analyst Lennaert has forecasted a breakout…

May 31, 2025

Can $1,500 Turn into $100K? Comparing Ruvi AI (RUVI) and Ethereum’s (ETH) Potential for Explosive Gains

For investors navigating the dynamic world of cryptocurrency, the promise of transforming modest investments into…

May 31, 2025

While Trump’s Meme Coin Dinner Raises Red Flags, Graphite Network Builds for Transparency Over Favoritism

U.S. President Donald Trump held a black-tie dinner at his Virginia golf club for 25…

May 31, 2025

Top Cryptos to Watch in June 2025: TON, XRP, and Ozak AI in the Spotlight

As the digital asset market prepares for an eventful summer, Toncoin (TON), Ripple’s XRP, and…

May 31, 2025

Avalanche Price Breaks February Low — $20.07 In Danger As ETF Delay Triggers Bears

Key Takeaways: AVAX dropped 13.49% this week to $20.07, breaking February’s low and nearing the…

May 31, 2025