\nAmid the increasing uncertainty in the crypto market, the PEPE price continues to hover above $0.00000088, will the downward trend continue?\t\t\t\t<\/p>\n
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In response to increasing bearishness in the crypto market, the PEPE buyers are struggling to rebound from the combined support of $0.0000082 and the lower trendline of the channel pattern<\/a>. This chart pattern maintains the ongoing correction, offering sellers a dynamic resistance trendline to sell on bullish bounces, the coin price at a lower trendline reflects the possibility of a minor pullback in the downward trend.<\/span><\/p>\n <\/p>\n Also Read: Pepe Coin Team Gives Clarification Of The 16 Trillion Pepe Tokens Theft<\/a><\/p>\n Source-Tradingview<\/p>\n On August 25th, the falling Pepe coin price<\/a> plunged to the 0.00000082 low eroding the enterer gain collected during the June-July rally. The aforementioned support aligned with the bottom trendline of a downsloping channel pattern and offered buyers with additional push to rebound.<\/span><\/p>\n In the last three days, the coin price showed several failed attempts to rise higher indicating the overhead supply is intense. With an intraday loss of 3.33%, the PEPE price plunged back to the current trading price of $0.00000088 mark.<\/span><\/p>\n<\/blockquote>\n If the bearish momentum rises, the sellers may attempt a breakdown below $0.00000082 and channel support. This fall may signal the continuation of the downward trend and may plunge the prices below $0.0000007.<\/span><\/p>\n <\/p>\n Amid the three weeks\u2019 downfall, the Pepe coin price has rebounded from this pattern\u2019s support trendline multiple times, indicating that the buyers are actively accumulating at this level. Therefore, the potential sellers must remain cautious as until this memecoin wobbles above this trendline, the buyers could rebound the price higher. In addition, the channel pattern often leads to a change in market trend upon the breakout of the overhead trendline.\u00a0<\/span><\/p>\n \n Share this article on:<\/p>\n –><\/p>\n Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading <\/p>\n<\/p><\/div>\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\nPepe Coin Daily Chart: Key Points<\/b><\/h2>\n
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Can Pepe Coin Hold the $0.0000008 level?<\/b><\/h2>\n
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