Remember all the buzz around the PEPE meme coin? Well, things have taken a turn, and it’s now facing heavy selling pressure. This has investors wondering if the token is on its last legs. PEPE, which saw explosive gains early on, is currently trading at $0.00000646, which is a 5.32% drop in just the last day.

Right now, things are looking shaky with слабоватый momentum, not much buying interest, and the price constantly getting pushed back down. So, the big question is: Will PEPE price completely crash, or will it somehow manage to recover and bounce back? Let’s dive into the price movements, market indicators, and crucial price levels to figure out what might be next for this meme coin.

Is PEPE Price Officially in a Bear Market?

If we look at the daily chart, it’s pretty clear that PEPE is definitely in a downtrend. The price is making lower highs and lower lows ever since it peaked near $0.00002500. This ongoing slide suggests that investors are selling off their PEPE, pushing it further and further into bear market territory.

Because there aren’t many people jumping in to buy, we’re seeing longer red candles on the chart, which often points to panic selling. And with no real attempts to recover, PEPE is getting dangerously close to breaking through some really important support areas, which could lead to even bigger losses.

How Oversold Is PEPE coin? Can It Bounce Back?

One of the main things to consider when figuring out if PEPE can make a comeback is the Relative Strength Index (RSI).

• Right now, PEPE’s RSI is down at 23.52, which is way down in oversold territory (below 30). This is a sign that there’s been extreme selling pressure, and it could mean we might see a temporary little rally sometime soon.
• Interestingly, the last time PEPE’s RSI got this low, it bounced back up by over 40%. So, if buyers decide to step in, we could see a similar “dead cat bounce” play out.

However, it’s important to remember that while oversold conditions can often cause prices to jump up a bit in the short term, they don’t guarantee that the overall trend will reverse. If the general feeling in the market stays negative, PEPE could stay undervalued for quite a while, struggling to get back on its feet.

What Is the MACD Showing for PEPE Price?

Another important tool to look at is the Moving Average Convergence Divergence (MACD). It’s a trend-following indicator that can help us understand if PEPE might be nearing a bottom.

• PEPE’s MACD is still in the negative zone, and there’s no sign of a bullish crossover happening just yet.
• The MACD histogram is still showing weakening momentum, which basically means sellers are still in charge of the price action.

For PEPE to show any potential for a bullish turn, we really need to see the MACD line cross above the signal line, but that hasn’t happened yet. Until it does, it’s likely that PEPE’s downtrend will continue.

What Are PEPE’s Key Support and Resistance Levels?

Right now, PEPE’s price is getting dangerously close to breaking through its last major support level.

• Key support to watch: The really important level to keep an eye on is $0.00000620. If PEPE drops below this point, it could set off another wave of selling, potentially dragging the price down towards $0.00000550 or even as low as $0.00000480.
• Where the price might run into resistance: If PEPE does manage to bounce back a bit, the first major area where it will likely face resistance is around $0.00000750-$0.00000800. If it can break through this zone, it would signal that there’s renewed interest from buyers, and could push PEPE up towards $0.00001000.

For now, PEPE is much closer to breaking through support than it is to testing resistance, which means a move downwards is more likely unless we see a big jump in buying volume.

Will PEPE Coin Survive or Head Toward Zero?

The biggest worry for anyone holding PEPE right now is whether the token can actually recover, or if it’s just going to fade away and become irrelevant.

1. If PEPE coin breaks below $0.00000600, things could get really bad, really fast. Without strong support from buyers, PEPE could just keep dropping, potentially falling to levels that are 50-70% lower than where it is now.
2. We might see a temporary bounce, but it could just be a blip. The RSI is saying PEPE is oversold, but without some fundamental good news or reason for people to buy, any bounce we see might be short-lived and quickly followed by more selling.
3. Long-term survival really depends on the community and hype. Unlike bigger cryptocurrencies that have solid projects and uses, meme coins live and die on hype, marketing, and big investors (whales) getting involved. If PEPE’s community starts to lose interest, its price could just keep spiraling downwards for months.

Should You Buy, Hold, or Sell PEPE?

PEPE is currently at a really critical point – it’s make-or-break time. If buyers can’t hold the line at $0.00000620 support, we could see a major price crash, sending PEPE to new lows. While the RSI might suggest it’s oversold, the MACD and overall price pattern are still pointing downwards (bearish), which means any bounce we might see could be very temporary.

For those who are okay with taking risks, buying around support levels might offer some short-term trading chances, but anyone thinking about holding PEPE for the long haul should be really cautious. If PEPE doesn’t manage to regain some bullish momentum soon, it could continue its slow decline—possibly all the way down to zero.