Pepe Price Prediction: PEPE Price Hints A 20% Plunge This Month?

Pepe Price Prediction: Possible 20% Decline This Month

With Bitcoin falling below its critical support level of $68,000, the memecoin market has witnessed a significant decrease in value.

Pepe token has exhibited a bearish trend, dropping approximately 2% in the past day and 13.96% over the past week. Amidst the heightened bearish sentiment, will Pepe:

• Retest Its ATH:
  With increased bullish momentum and a 157.85% surge, Pepe reached its resistance of $0.00001150 before experiencing a pullback. Bulls regained control at its support level of $0.00000880, resulting in a 2X run and a new ATH of $0.00001718 on May 27th.
• Plunge Towards Its Support Level:
  Following its ATH, Pepe has reversed and is trading under negative influence. The MACD indicator shows increased selling pressure, and the averages indicate a decline in value.

Possible Price Movements:

• Hold Above Support:
  If the price remains above $0.00001150, bulls may regain momentum and target the resistance level of $0.00001410. Continued upward momentum could lead to a retest of the previous ATH this month.
• Break Below Support:
  If bears gain control, Pepe could break below the $0.00001150 support and approach its crucial support level of $0.00000880 in the coming weeks.