PEPE price is currently trading in the bearish zone. The memecoin is close to the lower Bollinger Band with the 20-day simple moving average (SMA) acting as a resistance level.
Technical analysis of PEPE price shows the meme coin遭遇 selling pressure from the 20-day simple moving average (SMA) after a recent price drop.
The analysis highlights key support and resistance levels for PEPE, indicating a bearish trend with potential oversold conditions.
Crypto analyst Grum1in has identified $0.00000657 as a crucial support level for high-risk traders, with buying activity observed at this price point.
The analysis also incorporates the Relative Strength Index (RSI), suggesting weak bearish momentum and potential buying interest as PEPE approaches oversold levels.
However, the analysis notes that the U.S. midterm elections on November 5 could influence meme coin demand, potentially impacting PEPE price movements.
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