Pepe’s Weak Price Action Signals Trouble Ahead
2025-01-23
Category: None

As with many coins, Pepe saw a massive pump following Trump’s election, with the coin hitting a new all-time high (ATH).

However, the bullish momentum quickly faded. After a marginal new ATH at the beginning of December, the price dropped back to the old resistance level, which had turned into support.

In early 2025, bulls made two more attempts to push the price higher, but both efforts failed, sending the coin back to the support zone.

This kind of price action suggests growing weakness. I expect the current support zone to eventually break. If that happens, the coin could accelerate its decline, potentially targeting the 0.000007 area.