{"id":636182,"date":"2024-08-17T17:00:14","date_gmt":"2024-08-17T17:00:14","guid":{"rendered":"https:\/\/wncen.com\/?p=636182"},"modified":"2024-08-17T10:53:59","modified_gmt":"2024-08-17T10:53:59","slug":"pepe-selling-pressure-surges-as-price-slips-under-0-00000766-support","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/pepe\/pepe-selling-pressure-surges-as-price-slips-under-0-00000766-support\/","title":{"rendered":"PEPE Selling Pressure Surges As Price Slips Under $0.00000766 Support"},"content":{"rendered":"
Recent trading activities reveal that <\/span>PEPE<\/span><\/a> is under mounting selling pressure as its price falls below the critical $0.00000766 support level. This dip signals a further bearish move, with <\/span>bears<\/span><\/a> gaining control and eyeing further downside towards the $00000589. The break below this key level raises concerns among traders, as the possibility of deeper losses becomes increasingly likely.<\/span><\/p>\n As momentum turns negative, this article aims to examine the implications of PEPE\u2019s price slipping below a critical support level. It will delve into how this breakdown impacts market sentiment, and with the help of key indicators evaluate the likelihood of further declines.<\/span><\/p>\n In the past 24 hours, PEPE has declined by 3.51%, reaching approximately $0.00000724. Its <\/span>market<\/span><\/a> capitalization stands at over $3 billion, with a trading volume exceeding $652 million. During this period, PEPE’s market cap and trading volume have decreased by 3.62% and 0.26% respectively.<\/span><\/p>\n PEPE\u2019s price is exhibiting active bearish behavior, trading below the 100-day Simple Moving Average (SMA) in the 4-hour timeframe. Since falling below the $0.00000766 support level, the crypto asset has remained steady, showing little sign of recovery.\u00a0<\/span><\/p>\nMarket Sentiment Shifts As Price Falls Under Crucial Support<\/strong><\/h2>\n