Pepe (PEPE) has decreased by 2.66% in the past 24 hours, down 14.71% over the past week, performing worse than most mainstream meme coins. Technical analysis indicates a bearish structure, with the price testing a local support level around $0.00000342. Key indicators such as the On-Balance Volume (OBV) and the Relative Strength Index (RSI) suggest that sellers remain dominant. Therefore, analysts recommend not buying at the support level during the retest and to watch for potential shorting opportunities if the support level is broken.
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Pepe (PEPE) has decreased by 2.66% in the past 24 hours, down 14.71% over the past week, performing worse than most mainstream meme coins. Technical analysis indicates a bearish structure, with the price testing a local support level around $0.00000342. Key indicators such as the On-Balance Volume (OBV) and the Relative Strength Index (RSI) suggest that sellers remain dominant. Therefore, analysts recommend not buying at the support level during the retest and to watch for potential shorting opportunities if the support level is broken.