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06/18 15:58

But wait—price is still stuck in a downtrend Acco

But wait—price is still stuck in a downtrend

According to AMBCrypto’s analysis, PEPE experienced strong downward pressure, dropping from $0.0000135 to $0.0000096 in the past week.

Thus, despite this whale buying, it’s yet to change the path. 

PEPE has lost 20.83% over the past seven days, falling from $0.0000135 to $0.0000096. At press time, the memecoin traded at $0.00001023—still below the crucial psychological support.pepe-dmi-stoch-768x367.jpeg

When we look at momentum indicators, both DMI and Stoch are sitting in the bearish zone and continue to decline. As such, the positive index has dropped to 19, and it’s almost crossing the negative index to the downside. Another drop below here and a breach of 17 will signal a strong continuation of the downtrend.

This possibility is further supported by declining Stoch RSI that has dropped to oversold territory since making a bearish move three days ago.

The bottom line? Whales are buying, and retail is following—but momentum hasn’t flipped. If the bulls can reclaim and defend $0.0000107, a short-term recovery may unfold.

However, failure to hold current levels could send PEPE tumbling toward $0.00000855.

For now, the memecoin walks a tightrope, flanked by conviction buys and a very real downtrend.

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