Pepe

Change

Reversal

Coin

<ul class="news-points"> 
 <li>Profit-taking led PEPE’s price to breach the $0.0000013 support.</li> 
 <li>A slide below $0.0000012 is likely before the possible rise in value.</li> 
 <li>PEPE may retest $0.0000014 if the token becomes oversold and buying pressure increases.</li> 
</ul> 
According to CoinMarketCap, the price of <a href="https://coinedition.com/pepe-bulls-struggle-to-reverse-trend-amid-growing-selling-pressure/">Pepe (PEPE)</a> has decreased by 13.12% in the last seven days, while the memecoin trades at $0.0000012. This performance means that PEPE was the worst-performing cryptocurrency out of the top meme coins within the said period. 
PEPE’s fall was a result of selling pressure that started on December 16. As of then, the crypto price was $0.0000014. But between December 1 and 16, PEPE had gained about 40%, indicating that holders had made profits from the token. 
As expected, profit-taking started and bears were able to breach the $0.0000013 support. Also, the price decline meant that bulls’ attempt at triggering an upward momentum had been quenched. This was evident in the Relative Strength Index (RSI). 
<h3 class="wp-block-heading" id="h-weakness-may-soon-change-to-strength"><a></a>Weakness May Soon Change to Strength</h3> 
At press time, the RSI was 42.38, indicating that PEPE’s northward strength had become weak. However, there is a chance the bearish state of the token coul…
The post <a href="https://coinedition.com/pepe-falls-13-in-7-days-is-a-reversal-in-sight-for-the-meme/">PEPE Falls 13% In 7 Days: Is a Reversal In Sight for the Meme?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

PEPE Falls 13% In 7 Days: Is a Reversal In Sight for the Meme?

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