{"id":541830,"date":"2023-07-08T07:40:48","date_gmt":"2023-07-08T07:40:48","guid":{"rendered":"https:\/\/www.wncen.com\/?p=541830"},"modified":"2023-07-08T07:14:13","modified_gmt":"2023-07-08T07:14:13","slug":"pepe-bulls-losing-steam","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/pepe-bulls-losing-steam\/","title":{"rendered":"PEPE Bulls Losing Steam? Fatigue Appears To Undermine Price Rally"},"content":{"rendered":"<p><span style=\"font-weight: 400\">PEPE, once riding the waves of a bullish surge, finds itself in a precarious position as the price correction of Bitcoin (BTC)] reverberates across the market. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Over the past 24 hours, the signs of exhaustion have become increasingly apparent, casting a shadow of doubt on PEPE&#8217;s recent gains.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The critical resistance hurdle at $0.00000172 looms large, presenting an insurmountable challenge for the bullish forces that once propelled PEPE&#8217;s ascent.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">As the crypto realm holds its breath, all eyes are fixed on the fate of this whimsical digital asset, wondering if it can break free from the grip of resistance and soar to new heights.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/xrp-next-step-heres-why-an-upward-move-could-be-likely\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">XRP Next Step: Here\u2019s Why An Upward Move Could Be Likely<\/a><\/div>\n<h2><strong>PEPE Faces Bearish Pressure As Prices Experience A Slump<\/strong><\/h2>\n<p><a href=\"https:\/\/www.coingecko.com\/en\/coins\/pepe\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">PEPE&#8217;s price on CoinGecko<\/span><\/a><span style=\"font-weight: 400\"> currently stands at $0.00000157. Over the course of the past seven days, PEPE has experienced a slight decline of 2.5%. These recent figures have raised concerns among investors and analysts alike, as PEPE&#8217;s bullish momentum appears to be waning.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-541835\" src=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/07\/a-45.png?resize=1035%2C75\" alt=\"\" width=\"1035\" height=\"75\" srcset=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/07\/a-45.png?w=1035 1035w, https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/07\/a-45.png?w=460 460w, https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/07\/a-45.png?w=768 768w, https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/07\/a-45.png?w=860 860w, https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/07\/a-45.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<pre style=\"text-align: center\">Source: Coingecko<\/pre>\n<p><span style=\"font-weight: 400\">For the past three weeks, PEPE had been enjoying a bullish fervor, displaying impressive price surges. The trend even persisted through the first week of July, as PEPE managed to break past the critical resistance level at $0.00000172. <\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-541836\" src=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/07\/a-46.png?resize=1336%2C709\" alt=\"\" width=\"1336\" height=\"709\" srcset=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/07\/a-46.png?w=1336 1336w, https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/07\/a-46.png?w=460 460w, https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/07\/a-46.png?w=768 768w, https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/07\/a-46.png?w=860 860w, https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/07\/a-46.png?w=750 750w, https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/07\/a-46.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<pre id=\"attachment_325685\" class=\"wp-caption aligncenter\">Source: PEPE\/USDT on <a href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/PEPEUSDT_2023-07-07_07-08-40.png\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/pre>\n<p><span style=\"font-weight: 400\">However, this triumph proved to be short-lived as declining trading volumes paved the way for bearish forces to seize control, putting a halt to the buying pressure.<\/span><\/p>\n<p><span style=\"font-weight: 400\">A <\/span><a href=\"https:\/\/ambcrypto.com\/pepe-exhaustion-creeps-up-on-bulls\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">PEPE price report<\/span><\/a><span style=\"font-weight: 400\"> further confirmed the recent weakening in PEPE&#8217;s performance. The Moving Average Convergence Divergence (MACD) recently displayed a bearish crossover, with a series of red bars appearing below the zero level. This signal indicates a potential shift in momentum towards the bearish side.\u00a0<\/span><\/p>\n<h2><strong>Seeking A Rebound: PEPE&#8217;s Future Prospects<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">While <\/span><a href=\"https:\/\/watcher.guru\/news\/bitcoin-investors-should-remain-flat-this-weekend-heres-why\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Bitcoin&#8217;s current correction<\/span><\/a><span style=\"font-weight: 400\"> has undoubtedly influenced PEPE&#8217;s recent performance, it is important to remember that the cryptocurrency market is highly dynamic and subject to rapid changes. As Bitcoin stabilizes or regains momentum, it can inject renewed optimism and buying pressure into the market, potentially benefiting tokens like PEPE.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-541841\" src=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/07\/a-47.png?resize=762%2C499\" alt=\"\" width=\"762\" height=\"499\" srcset=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/07\/a-47.png?w=762 762w, https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/07\/a-47.png?w=460 460w, https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/07\/a-47.png?w=750 750w\" sizes=\"(max-width: 762px) 100vw, 762px\"><\/p>\n<pre style=\"text-align: center\">PEPE seven-day price performance. Source: <a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Coingecko.<\/a><\/pre>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/recent-800-billion-shiba-inu-dump-has-short-traders-worried-heres-why\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Recent 800 Billion Shiba Inu Dump Has Short Traders Worried \u2013 Here\u2019s Why<\/a><\/div>\n<p><span style=\"font-weight: 400\">Furthermore, PEPE&#8217;s fate also depends on its own fundamentals and developments within its ecosystem. Positive news, partnerships, or adoption initiatives specific to PEPE can have a considerable impact on its price trajectory, even in the face of a broader influence of Bitcoin.<\/span><\/p>\n<p><em>(This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Featured image from The Guardian<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PEPE, once riding the waves of a bullish surge, finds itself in a precarious position as the price correction of Bitcoin (BTC)] reverberates across the market. Over the past 24 hours, the signs of exhaustion have become increasingly apparent, casting a shadow of doubt on PEPE&#8217;s recent gains.\u00a0 The critical resistance hurdle at $0.00000172 looms large, presenting an insurmountable challenge for the bullish forces that once propelled PEPE&#8217;s ascent.\u00a0 As the crypto realm holds its breath, all eyes are fixed on the fate of this whimsical digital asset, wondering if it can break free from the grip of resistance and soar to new heights. Related Reading: XRP Next Step: Here\u2019s Why An Upward Move Could Be Likely PEPE Faces Bearish Pressure As Prices Experience A Slump PEPE&#8217;s price on CoinGecko currently stands at $0.00000157. Over the course of the past seven days, PEPE has experienced a slight decline of 2.5%. These recent figures have raised concerns among investors and analysts alike, as PEPE&#8217;s bullish momentum appears to be waning. Source: Coingecko For the past three weeks, PEPE had been enjoying a bullish fervor, displaying impressive price surges. The trend even persisted through the first week of July, as PEPE managed to break past the critical resistance level at $0.00000172. Source: PEPE\/USDT on TradingView However, this triumph proved to be short-lived as declining trading volumes paved the way for bearish forces to seize control, putting a halt to the buying pressure. A PEPE price report further confirmed the recent weakening in PEPE&#8217;s performance. The Moving Average Convergence Divergence (MACD) recently displayed a bearish crossover, with a series of red bars appearing below the zero level. This signal indicates a potential shift in momentum towards the bearish side.\u00a0 Seeking A Rebound: PEPE&#8217;s Future Prospects While Bitcoin&#8217;s current correction has undoubtedly influenced PEPE&#8217;s recent performance, it is important to remember that the cryptocurrency market is highly dynamic and subject to rapid changes. As Bitcoin stabilizes or regains momentum, it can inject renewed optimism and buying pressure into the market, potentially benefiting tokens like PEPE. PEPE seven-day price performance. Source: Coingecko. Related Reading: Recent 800 Billion Shiba Inu Dump Has Short Traders Worried \u2013 Here\u2019s Why Furthermore, PEPE&#8217;s fate also depends on its own fundamentals and developments within its ecosystem. Positive news, partnerships, or adoption initiatives specific to PEPE can have a considerable impact on its price trajectory, even in the face of a broader influence of Bitcoin. (This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from The Guardian<\/p>\n","protected":false},"author":557,"featured_media":541844,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1144,8686,83767,88215,4735],"class_list":["post-541830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-ethusd","tag-meme-coins","tag-pepe-price","tag-price-action"],"acf":[],"yoast_head":"\n<title>PEPE Bulls Losing Steam? 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/www.wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"PEPE Bulls Losing Steam? 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