{"id":146474,"date":"2023-09-01T18:46:09","date_gmt":"2023-09-01T13:16:09","guid":{"rendered":"https:\/\/dripp.zone\/news\/breakdown-below-monthly-support-signals-15-downside-risk-crypto-news\/"},"modified":"2023-09-01T18:46:12","modified_gmt":"2023-09-01T13:16:12","slug":"breakdown-below-monthly-support-signals-15-downside-risk-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/breakdown-below-monthly-support-signals-15-downside-risk-crypto-news\/","title":{"rendered":"Breakdown Below Monthly Support Signals 15% Downside Risk &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-158217\">\n<p>\nA potential breakdown below $0.00000082 sets Pepe&#8217;s price for a major correction.\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"681\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/09\/01172506\/2PQCwdDQ-e1693569323499.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"PEPE price Prediction\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 19 seconds ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400\">While the bullish sentiment associated with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitcoin-etf-heres-key-hurdle-ahead-for-potential-grayscale-etf\/\">Bitcoin ETF<\/a> is fading, the crypto market is returning to the prevailing bearish sentiment. A recent price drop in the leading cryptocurrencies Bitcoin and Ethereum has triggered extended correction in several major altcoins. As a result, the Frog theme memecoin PEPE is heading lower which led to a breakdown below monthly support. Is further downfall expected?<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/pepe-coin-price-analysis-can-0-0000008-support-defy-downward-trend\/\">PEPE Coin Price Analysis: Can $0.0000008 Support Defy the Downward Trend?<\/a><\/p>\n<h2><b>Pepe Coin Daily Chart<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The Pepe coin is trapped in a sideways trend stretched from $0.00000095 and $0.00000078 horizontal levels.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A bearish breakdown from $0.00000082 will set the prices for a 15% fall<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The 24-hour trading volume in the Pepe coin is $130 Million, indicating a 92% gain.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"PEPE Price Prediction\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/2\/2PQCwdDQ.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/2\/2PQCwdDQ.png\" alt=\"PEPE Price Prediction\" width=\"1946\" height=\"1104\"\/><\/noscript>Source- Trading<\/span><\/p>\n<p><span style=\"font-weight: 400\">The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/pepe-coin\/\">Pepecoin price<\/a> has witnessed aggressive selling pressure in the last two days, registering around 11%. On 30th August, the falling price gave a sharp breakdown below the monthly support of $0.00000082.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">This breakout offers sellers additional resistance to pressurize the price for further downfall. As of now, the coin price trades at $0.00000081 with an intraday gain of 1.25%. The minor uptick may retest the breached support as potential resistance and accumulate selling orders.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">The post-breakdown fall may likely break the $0.00000078 support and plunge the PEPE price 15% down to hit the psychological level of $0.0000007.<\/span><\/p>\n<h2><b>Is PEPE Price Ready for Directional Move?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">While the downward projection seems valid for Pepecoin, it should be noted that the last seven days\u2019 price action has traded within the range of the August 25th candle. Therefore this candle\u2019s high of $0.00000095 and low of $0.00000078 stands as strong resistance and support.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400\">If the coin price should demand pressure at the $0.00000078 mark in the coming days, the crypto holders may witness prolonged consolidation.<\/span><\/p>\n<ul>\n<li><b>Moving Average Convergence Divergence: <\/b><span style=\"font-weight: 400\">A bearish crossover state between the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/macd-moving-average-convergence-divergnece\/\">MACD<\/a>(blue) and signal(orange) line reflects the overall trend remains bearish.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Average Directional Index: <\/b><span style=\"font-weight: 400\">The rising ADX slope reflects the aggressive bearish momentum remains intact.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/pepe-price-prediction-breakdown-below-support-15-downside\/&#038;text=PEPE Price Prediction: Breakdown Below Monthly Support Signals 15% Downside Risk\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/pepe-price-prediction-breakdown-below-support-15-downside\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/pepe-price-prediction-breakdown-below-support-15-downside\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/pepe-price-prediction-breakdown-below-support-15-downside\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA158217\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>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<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD158217\">\n<p>  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>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A potential breakdown below $0.00000082 sets Pepe&#8217;s price for a major correction. Published 19 seconds ago While the bullish sentiment associated with Bitcoin ETF is fading, the crypto market is returning to the prevailing bearish sentiment. A recent price drop in the leading cryptocurrencies Bitcoin and Ethereum has triggered extended correction in several major altcoins. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":146475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-146474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/146474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=146474"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/146474\/revisions"}],"predecessor-version":[{"id":146476,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/146474\/revisions\/146476"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/146475"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=146474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=146474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=146474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}