The post PEPE Price Falls 3.75% as Technical Indicators Signal Mixed Outlook appeared on BitcoinEthereumNews.com.

Tony Kim
Aug 29, 2025 13:50

PEPE trades with bearish momentum as RSI hits 40.89 and recent market volatility continues to impact meme coin sentiment across trading platforms.

Quick Take • PEPE currently trading with a -3.75% decline in the last 24 hours • PEPE RSI at 40.89 indicates neutral territory with potential oversold conditions approaching • Recent 8% slide on August 27 reflects broader meme coin sector weakness What’s Driving Pepe Price Today? The PEPE price action reflects the aftermath of significant volatility that began earlier this week. On August 27, Pepe Coin experienced an 8% decline within 24 hours as interest in meme coins showed signs of fading across the broader cryptocurrency market. This recent downturn came despite earlier bullish momentum that saw PEPE bounce 25% following an August dip. The current negative sentiment appears to be driven by the natural cooling of meme coin enthusiasm that typically follows periods of intense speculation. Market forecasts suggesting a potential decline to $0.000009 by August 29, 2025, have also contributed to bearish pressure on the PEPE price. However, the market context remains complex. Despite the recent decline, analysts continue to highlight potential for significant upside, with some projecting a possible 750% rally amid ongoing market speculation. This creates a challenging environment for traders attempting to gauge PEPE’s near-term direction. PEPE Technical Analysis: Mixed Signals Create Trading Uncertainty Pepe technical analysis reveals a complicated picture for traders. PEPE’s RSI currently sits at 40.89, placing it in neutral territory but approaching oversold conditions. This RSI level suggests that selling pressure may be reaching exhaustion, potentially setting up conditions for a bounce. The MACD histogram shows bearish momentum for PEPE, with negative values across the indicator and its signal line. This bearish divergence aligns with…

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Filed under: News - @ August 30, 2025 9:29 am