- The PEPE price chart highlights bearish sentiments and perspectives regarding the crypto asset in the daily time frame.
- The PEPE price action highlights a bearish view at the time of publishing.
Pepe is considered to be one of the most popular memes ever. The frog and the associated memes are arguably one of the most iconic parts of the last two decades.
Pepe is a demonstration of the real power of meme magic, thanks to the power of anonymous groups and meme lovers. As per PEPE, they say it’s time to reclaim the power, and show the world the true power of the Pepe Army.
Launched without any presale or taxes, PEPE visions to be a crypto asset for the people, by the people with its liquidity provider tokens burned and contract renounced.
According to the true philosophy of DeFi and memecoins, it is traded on the open market, where everyone is equal. Everyone can buy and sell as they wish, with no limits.
Pepe has no blacklisting of any buyer. Pepe consists no taxes. There is no central owner of the PEPE contract. The liquidity pair of Pepe is DESTROYED (Sent to 0xdead), ensuring no one can ever harm the community by removing it.
The proclaimed true Pepe promotes community, memetic warfare against normies and financial freedom following the philosophy of DeFi.
Analyzing the PEPE Crypto Chart With Multiple Technical Tools
The PEPE crypto is headed for a steep drop, as it meets the resistance level. it looks like the PEPE price possibly seeks new bottoms
Also, the asset is exhibiting bearishness and a decline in capacity as it slides below major 20-day EMA. Now depending on the seller’s surge, the price could conquer the supporting EMAs as well.
Furthermore, the PEPE crypto asset is also displaying bearish behavior and the RSI is not near the 30 level yet, meaning that the asset has space and that the support has not been reached yet.
In the last 24 hours, the PEPE crypto has shown 0.74% surge. At press time, it was trading at $0.00000137.
Therefore, if the PEPE crypto price fails to stay above the $0.00000125 level, it could decline further. On the flip side, if the demand for the PEPE increases and jumps, the asset price could make it higher from the current level. The next goal for the PEPE price is to reach $0.00000165.
Summary
PEPE price highlights bearish sentiments and perspectives regarding the crypto asset in the daily time frame. The RSI and EMAs are portraying bearish signals regarding the PEPE coin price.
Moreover, the technical parameters of the PEPE price suggest the continuation of the downtrend, over the daily time frame chart. The PEPE price action highlights a bearish view at the time of publishing.
Therefore, if the PEPE crypto price fails to stay above the $0.00000125 level, it could decline further.
Technical Levels
Support Levels: $0.00000125
Resistance Levels: $0.00000165.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.