#Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
Gate Square TOP 40 Creator Leaderboard is out
🙌 Vote to support your favorite creators: www.gate.com/activities/community-vote
Earn Votes by completing daily [Square] tasks. 30 delivered Votes = 1 lucky draw chance!
🎁 Win prizes like iPhone 16 Pro Max, Golden Bull Sculpture, Futures Voucher, and hot tokens.
The more you support, the higher your chances!
Vote to support creators now and win big!
https://www.gate.com/announcements/article/45974
PEPE Nosedives 15% in 7 Days But is a Huge Move Incoming? (PEPE Coin Price Analysis)
PEPE’s volatility exploded in the past few days, with the price moving by over 30% in a day.
Key Support levels: $0.0000013
Key Resistance levels: $0.0000010
After a long period of low volatility, PEPE’s price action changed on Monday when the SEC sued Binance. The price quickly moved up and down by over 30% and, in the process, made a new low. This has created a large descending triangle which could be interpreted as bearish.
The current support is at $0.0000010, and the resistance is at $0.0000013. With the price quickly approaching the apex of this formation, PEPE could make a major move in the next few days.
RSI: The daily RSI is under 50 points and continues to give a bearish bias due to it making lower highs.
MACD: The daily MACD is negative. However, the histogram is making higher lows which could signal that this downtrend may find a bottom in the near future.
The bias for PEPE is bearish.
Short-Term Prediction for PEPE Price
It’s likely that the volatility to be high in the next few days, with a breakout from this triangle appearing imminent. Buyers have to do all they can to defend the key support at $0.0000010. Any failure there would open the way for PEPE to fall much lower and towards $0.0000005.