Pepe (PEPE) was one of the coins most affected by Bitcoin (BTC) slumping below $25,000, can the bottom price tests continue on the PEPE side?
With the market crash last night, Pepe (PEPE), which came down 80 percent from the peak price on Binance, continues to create fear on behalf of memecoins. PEPE, which fell 15 percent in the last 24 hours, was also the fourth most depreciating coin of the day. What does technical analysis show in PEPE, which has fallen into the background after being listed on major exchanges and has hardly gained popularity again?
Pepe (PEPE) Graphic Evaluation
PEPE, which made a bottom again with the fall last night, experienced a 15 percent decrease in a short time. Memecoin, which tested $ 0.00000085, has now come to $ 0.00000084 by receiving a reaction from here. Every drop of PEPE, which has lost value since Binance listing, is driven by high volume transactions.
In memecoin, which is at its all-time low, the indicator can be used to tell support levels. In the wide time frame, Fibonacci can be evaluated and approximate support points can be determined. Resistance points that can be followed in PEPE rises are respectively 0.000000105 – 0.0000001119 – 0.000000149
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