{"id":338184,"date":"2024-07-05T15:34:03","date_gmt":"2024-07-05T10:04:03","guid":{"rendered":"https:\/\/dripp.zone\/news\/could-this-be-the-low-point-for-pepe-crypto-news\/"},"modified":"2024-07-05T15:40:01","modified_gmt":"2024-07-05T10:10:01","slug":"could-this-be-the-low-point-for-pepe-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/could-this-be-the-low-point-for-pepe-crypto-news\/","title":{"rendered":"Could This Be the Low Point for PEPE? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Pepe, a popular<\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/meme-coin\/\"><span style=\"font-weight: 400;\"> meme coin<\/span><\/a><span style=\"font-weight: 400;\">, experienced a notable decline over the past 24 hours after a strong bearish trend. The meme coin has seen a significant market correction, breaking below its previous support levels. At the time of reporting, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/pepe-coin\/\"><span style=\"font-weight: 400;\">PEPE price<\/span><\/a><span style=\"font-weight: 400;\"> has fallen by a massive 15.15% to $0.000008054, during the European trading hours.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/pepe\/\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a> data<span style=\"font-weight: 400;\">, the current market capitalization stands at $3.39 billion, indicating a drop of 15.14%. This downturn in price corresponds with an increase in trading volume, up 42.90%, suggesting heightened market activity as investors respond to the price changes.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<h2><span style=\"font-weight: 400;\">Pepe Price Prediction: Navigating Current Trends<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Pepe Coin recently saw its biggest rally, reaching an all-time high of $0.00001718 in May. However, the PEPE price has plummeted by over 53% since that peak. Launched in April 2023, the cryptocurrency has experienced sharp rises followed by swift declines, leading to various consolidation phases.<\/span><\/p>\n<figure id=\"attachment_206069\" aria-describedby=\"caption-attachment-206069\" style=\"width: 1382px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-206069\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/PEPEUSDT_2024-07-05_12-10-31.png\" alt=\"Pepe Price Prediction: Could This Be the Low Point for Pepe Coin?\" width=\"1382\" height=\"722\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/PEPEUSDT_2024-07-05_12-10-31.png 1382w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/PEPEUSDT_2024-07-05_12-10-31-300x157.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/PEPEUSDT_2024-07-05_12-10-31-1224x639.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/PEPEUSDT_2024-07-05_12-10-31-768x401.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/PEPEUSDT_2024-07-05_12-10-31-150x78.png 150w\" sizes=\"auto, (max-width: 1382px) 100vw, 1382px\"\/><\/noscript><figcaption id=\"caption-attachment-206069\" class=\"wp-caption-text\">Pepe Price Prediction<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Over the past week, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/pepe-coin-price-forecast-will-extreme-volatility-signal-major-sell-off\/\"><span style=\"font-weight: 400;\">Pepe <\/span><\/a><span style=\"font-weight: 400;\">dropped below several crucial support levels, stabilizing at a low of $0.000008. The price fluctuated between $0.000008 and $0.000012, indicating ongoing uncertainty amid heightened market volatility. This movement resulted in a 36% retraction, highlighting its unpredictable trajectory. Overall, Pepe has declined by 45% this month, signaling a bearish trend.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Today, the broader <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/crypto-market-crash-why-bitcoin-and-altcoins-are-falling\/\"><span style=\"font-weight: 400;\">cryptocurrency <\/span><\/a><span style=\"font-weight: 400;\">market faces significant selling pressure. Major assets such as Bitcoin, Ethereum, and Solana recorded notable declines. Similarly, other meme coins, including Pepe, Floki, Dogecoin, and Shiba Inu, also experienced downturns, contributing to the broader market\u2019s bearish sentiment.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Technical Analysis: Indicators and Future Projections<\/span><\/h2>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span style=\"font-weight: 400;\">If a bullish trend overtakes the <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/blog\/will-pepe-coin-pepe-price-recover-in-july-2024\/\"><span style=\"font-weight: 400;\">PEPE <\/span><\/a><span style=\"font-weight: 400;\">coin\u2019s market, it could rapidly ascend to its nearest resistance point at $0.000009, indicating market recovery. Achieving stability at this juncture might propel the currency toward the $0.00001 mark by the end of July. And if bullish sentiment mounts more pressure, PEPE might leap over the $0.000005 threshold.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the downside, persisting negative trends could thrust it down to the $0.000008 support level. This may further endanger its position, potentially dropping to $0.000007. With the current market corrections,<\/span><span style=\"font-weight: 400;\"> Pepe price<\/span><span style=\"font-weight: 400;\"> could hit $0.000005 if bears mount more pressure, indicating the market is oversold.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The daily<\/span><span style=\"font-weight: 400;\"> technical indicators <\/span><span style=\"font-weight: 400;\">for Pepe\/USDT show a noticeable shift in market sentiment. The Moving Average Convergence Divergence (MACD) remains in the bearish zone, with both the MACD line and signal line trending below the zero line, indicating a stronger bearish momentum.\u00a0<\/span><\/p>\n<figure id=\"attachment_206068\" aria-describedby=\"caption-attachment-206068\" style=\"width: 1382px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-206068\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Pepe Price Prediction: Could This Be the Low Point for Pepe Coin?\" width=\"1382\" height=\"722\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/PEPEUSDT_2024-07-05_10-34-53.png 1382w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/PEPEUSDT_2024-07-05_10-34-53-300x157.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/PEPEUSDT_2024-07-05_10-34-53-1224x639.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/PEPEUSDT_2024-07-05_10-34-53-768x401.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/PEPEUSDT_2024-07-05_10-34-53-150x78.png 150w\" data-lazy-sizes=\"(max-width: 1382px) 100vw, 1382px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/PEPEUSDT_2024-07-05_10-34-53.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-206068\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/PEPEUSDT_2024-07-05_10-34-53.png\" alt=\"Pepe Price Prediction: Could This Be the Low Point for Pepe Coin?\" width=\"1382\" height=\"722\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/PEPEUSDT_2024-07-05_10-34-53.png 1382w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/PEPEUSDT_2024-07-05_10-34-53-300x157.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/PEPEUSDT_2024-07-05_10-34-53-1224x639.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/PEPEUSDT_2024-07-05_10-34-53-768x401.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/PEPEUSDT_2024-07-05_10-34-53-150x78.png 150w\" sizes=\"auto, (max-width: 1382px) 100vw, 1382px\"\/><\/noscript><figcaption id=\"caption-attachment-206068\" class=\"wp-caption-text\">Pepe Price Prediction<\/figcaption><\/figure>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) stands at 29.97, nearing the oversold threshold of 30, suggesting a potential rebound or continued sell-off pressure.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Awesome Oscillator (AO) underscores this downtrend with a continued series of red bars, indicating a growing bearish momentum. The Average Directional Index (ADX), presently at 23.60, indicates a moderately strong trend, suggesting that the current downward movement might persist.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<section class=\"accordion-content mt-4\" id=\"faq\">\n<h2 class=\"mb-4 h3 fw7\">Frequently Asked Questions (FAQs)<\/h2>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tPepe Coin was launched on April 14, 2023, on the Ethereum blockchain. It was introduced as a straightforward meme token with no initial partnerships or token sales.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tPepe Coin reached its highest price on May 27, 2024, when it traded at an all-time high of $0.00001717.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tPepe Coin is primarily used as a collectible digital asset within the cryptocurrency community. Its main appeal lies in its status as a meme coin, allowing holders to buy, collect, and sell the token. <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p class=\"m-0\">Related Articles<\/p>\n<p>                                <!-- \n\n<div class=\"desktopPostEnd d-on\"><\/div>\n\n --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/pepe-price-prediction-could-this-be-turning-point-for-pepe\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/markets\/pepe-price-prediction-could-this-be-turning-point-for-pepe\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" 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=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA206067\">\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>CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. 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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><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/5-important-highlights-from-the-recent-fed-meeting\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" 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class=\"Educontent\">ChatGPT\u2019s Next Big Upgrade: What You Need to Know <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/5-reasons-behind-mega-banks-2024-ethereum-price-prediction\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"5 Reasons behind Mega Bank's 2024 Ethereum Price Prediction\" decoding=\"async\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10-150x200.jpg 150w\" data-lazy-sizes=\"(max-width: 640px) 100vw, 640px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"5 Reasons behind Mega Bank's 2024 Ethereum Price Prediction\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/01\/cropped-shutterstock_1958528764_10-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">5 Reasons behind Mega Bank\u2019s 2024 Ethereum Price Prediction <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n     \n                              \n          <\/div>\n\n\n    \n          \n \n    \n            \n    <\/div>\n\n        --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pepe, a popular meme coin, experienced a notable decline over the past 24 hours after a strong bearish trend. The meme coin has seen a significant market correction, breaking below its previous support levels. At the time of reporting, PEPE price has fallen by a massive 15.15% to $0.000008054, during the European trading hours.\u00a0 According [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":309883,"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-338184","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\/338184","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=338184"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/338184\/revisions"}],"predecessor-version":[{"id":338192,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/338184\/revisions\/338192"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/309883"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=338184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=338184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=338184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}