PEPE Desperately Searches for Support After Bubble Burst

05/11 12:20

PEPE, a meme coin, experienced a rally that ended when it reached a market capitalization of $1 billion. Since then, the price has dropped by 70% and is currently seeking support at $0.0000011. The current resistance level is at $0.0000020. Recent trading volume and price have both been in the red, and the daily RSI and MACD indicate a bearish trend. If the key support level is reached, it will be important to see if buyers become interested and if the price can bounce back to test the resistance level.

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