{"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

Market Sentiment Shifts As Price Falls Under Crucial Support<\/strong><\/h2>\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>\n

\"PEPE\"
PEPE demonstrating signs for a rebound | Source: PEPEUSDT on Tradingview.com<\/figcaption><\/figure>\n

This sustained price action under a key moving average suggests that bearish momentum is firmly in control. As a result, the downward trend could likely extend further, especially if the price continues to struggle below this critical resistance level.<\/span><\/p>\n

Additionally, the Relative Strength Index (RSI) indicates that PEPE could continue its decline toward the $0.00000589 support level. The signal line has fallen below 50% and is now trending around 37%, suggesting that bearish pressure remains strong in the market.<\/span><\/p>\n

On the 1-day, PEPE is still trading below the 100-day SMA and the <\/span>trendline<\/span><\/a>. It can be observed that the crypto asset is attempting a bearish move toward the $0.00000589 support level. With this recent bearish move, the decline could extend to other support levels.<\/span><\/p>\n

\"PEPE\"
PEPE falls below the 100day SMA | Source: PEPEUSDT on Tradingview.com<\/figcaption><\/figure>\n

Lastly, the formation of the 1-day RSI suggests that PEPE is at greater risk of extending its decline. The signal line is currently hovering around 35% after failing to break above 50%, setting the stage for another drop toward the oversold zone.<\/span><\/p>\n

Potential Downside Targets: Where PEPE Could Be Headed Next<\/strong><\/h2>\n

Ongoing bearish pressure could push PEPE\u2019s price down to the next support level at $0.00000589. A decisive break below this support could signal further bearish <\/span>movement<\/span><\/a>, potentially driving the asset toward the $0.00000566 support level and possibly even lower.<\/span><\/p>\n

However, if PEPE rebounds from the $0.00000589 level, it could retrace toward its previous high of $0.00001152. If the <\/span>cryptocurrency<\/span><\/a> breaks above this level, it could signal further upward momentum, potentially targeting the $0.00001313 resistance range and other higher levels.<\/span><\/p>\n

\"PEPE\"
PEPE trading at $0.00000721 on the 1D chart | Source: PEPEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Adobe Stock, chart from Tradingview.com<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"

Recent trading activities reveal that PEPE is under mounting selling pressure as its price falls below the critical $0.00000766 support level. This dip signals a further bearish move, with bears 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. 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. In the past 24 hours, PEPE has declined by 3.51%, reaching approximately $0.00000724. Its market 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. Market Sentiment Shifts As Price Falls Under Crucial Support 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 This sustained price action under a key moving average suggests that bearish momentum is firmly in control. As a result, the downward trend could likely extend further, especially if the price continues to struggle below this critical resistance level. Additionally, the Relative Strength Index (RSI) indicates that PEPE could continue its decline toward the $0.00000589 support level. The signal line has fallen below 50% and is now trending around 37%, suggesting that bearish pressure remains strong in the market. On the 1-day, PEPE is still trading below the 100-day SMA and the trendline. It can be observed that the crypto asset is attempting a bearish move toward the $0.00000589 support level. With this recent bearish move, the decline could extend to other support levels. Lastly, the formation of the 1-day RSI suggests that PEPE is at greater risk of extending its decline. The signal line is currently hovering around 35% after failing to break above 50%, setting the stage for another drop toward the oversold zone. Potential Downside Targets: Where PEPE Could Be Headed Next Ongoing bearish pressure could push PEPE\u2019s price down to the next support level at $0.00000589. A decisive break below this support could signal further bearish movement, potentially driving the asset toward the $0.00000566 support level and possibly even lower. However, if PEPE rebounds from the $0.00000589 level, it could retrace toward its previous high of $0.00001152. If the cryptocurrency breaks above this level, it could signal further upward momentum, potentially targeting the $0.00001313 resistance range and other higher levels. Featured image from Adobe Stock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":636186,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88189],"tags":[88145,88190,88188,16393,14763,91599,85676],"class_list":["post-636182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pepe","tag-pepe","tag-pepeusd","tag-pepeusdt","tag-relative-strength-index","tag-rsi","tag-simple-moving-average","tag-sma"],"acf":[],"yoast_head":"\nPEPE Selling Pressure Surges As Price Slips Under $0.00000766 Support<\/title>\n<meta name=\"description\" content=\"Recent trading activities reveal that PEPE is under mounting selling pressure as its price falls below the $0.00000766 support level.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/wncen.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"PEPE Selling Pressure Surges As Price Slips Under $0.00000766 Support","url":"http:\/\/wncen.com\/analysis\/pepe\/pepe-selling-pressure-surges-as-price-slips-under-0-00000766-support\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/analysis\/pepe\/pepe-selling-pressure-surges-as-price-slips-under-0-00000766-support\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/PEPE-from-Adobe-Stock.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/PEPE-from-Adobe-Stock.jpg?fit=643%2C360"},"articleSection":"PEPE","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["pepe","pepeusd","pepeusdt","relative strength index","rsi","simple moving average","sma"],"dateCreated":"2024-08-17T17:00:14Z","datePublished":"2024-08-17T17:00:14Z","dateModified":"2024-08-17T17:00:14Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"PEPE Selling Pressure Surges As Price Slips Under $0.00000766 Support\",\"url\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/pepe\\\/pepe-selling-pressure-surges-as-price-slips-under-0-00000766-support\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/pepe\\\/pepe-selling-pressure-surges-as-price-slips-under-0-00000766-support\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/PEPE-from-Adobe-Stock.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/PEPE-from-Adobe-Stock.jpg?fit=643%2C360\"},\"articleSection\":\"PEPE\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"pepe\",\"pepeusd\",\"pepeusdt\",\"relative strength index\",\"rsi\",\"simple moving average\",\"sma\"],\"dateCreated\":\"2024-08-17T17:00:14Z\",\"datePublished\":\"2024-08-17T17:00:14Z\",\"dateModified\":\"2024-08-17T17:00:14Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/PEPE-from-Adobe-Stock.jpg?fit=643%2C360","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/636182"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=636182"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/636182\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/636186"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=636182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=636182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=636182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}