Pepe Price Plummets 14% In A Week As This Layer 2 PEPE Derivative Races Toward $25 Million In Presale
The Pepe price slumped 14% in a week and 1% in the last 24 hours to trade at $0.000008089 as of 00:28 a.m. EST on trading volume that surged 8% to $1.1 billion. This comes as the meme coin sector gained 2% to reach a market capitalization of $61 billion, according to CoinGecko . Pepe Price Aiming For A Bullish Trend Reversal The Pepe price chart shows a long-term descending triangle pattern. This pattern is generally bearish but can lead to a breakout in either direction if there’s enough volume and momentum. The price is approaching the triangle’s apex within the $0.000008089 support, where it often breaks out, according to data from GeckoTerminal . As a result of the downtrend within the triangle, the price of Pepe now trades slightly below both the 50-day and 200-day Simple Moving Averages (SMAs). However, the 50-day SMA is now closing in on the 200-day SMA, which might form a golden cross in the coming days, a signal that the price of Pepe might be headed tow...