Will PEPE Coin Retest ATH or Plunge to Crucial Support Level in June?

Pepe Meme Coin Price Analysis

The meme coin sector has been trending downward, with the Pepe meme coin experiencing a correction in the past 24 hours.

Pepe Coin Price Action

Following a period of weak performance, Pepe coin gained momentum, surging by 157.85% before facing resistance at $0.00001150. After bouncing off support at $0.00000880, the coin rose by 2x in eight days, reaching a new ATH of $0.00001718 on May 27th.

However, Pepe coin has since experienced a bearish reversal, trading with negative sentiment and increased selling pressure.

Market Outlook

If the market holds support at $0.00001150, bulls may regain momentum and push the price towards resistance at $0.00001410. If this level is maintained, Pepe coin may retest its ATH.

However, if bears gain control, the price may drop below $0.00001150 and approach support at $0.00000880.

Conclusion

The Pepe meme coin's price is currently testing major support. If the market can hold this level, bulls may have an opportunity to drive the price higher. Conversely, if bears take over, the coin could face further downside pressure.