Pepe
$PEPE was rejected at the upper trendline on November 11, leading to a 31% decline over the following 10 days. As of Friday, PEPE is trading near the lower trendline, indicating that selling pressure remains.
If
$PEPE closes below the lower trendline around $0.0000041 on the daily chart, the downtrend could extend toward the October 10 low at $0.0000027. Similar to Dogecoin and Shiba Inu, technical indicators such as RSI and MACD show bearish signals, supporting the downside view.
On the upside, if buying momentum returns,
$PEPE could recover toward the next resistance at $0.0000065.
Traders can track PEPE’s price action and technical indicators on #BingX.
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