Will Pepe Coin Price Crash 50% as Bitcoin Weakens?
The post Will Pepe Coin Price Crash 50% as Bitcoin Weakens? appeared on BitcoinEthereumNews.com.
Pepe coin price, a popular meme-based cryptocurrency, has faced a downturn amid the ongoing market correction. PEPE is trading bearish, slipping below its key support levels as Bitcoin’s performance influences altcoin trends. Currently, Bitcoin hovers below $95K, raising concerns of further declines. Will the PEPE price crash 50% as Bitcoin weakens further? Could Pepe Coin Price Crash 50% Following BTC Recent Weakness? PEPE price is trading at $0.00001625, with a 8% decrease in the past 24-hours. Bitcoin’s recent price weakness has raised concerns among analysts about its key support levels and broader market impact. Crypto analyst speculates that BTC holding $93,000 remains critical. However, aggression from sellers could increase significantly if this level is lost. Based on technical analysis, there is a high likelihood of Bitcoin falling below this mark. If $93,000 gives way, the next target for Bitcoin is $85,000, but a brief dip further could unsettle potential buyers. Pepe Coin price has also felt market pressure. Over the past week, the meme coin broke below the $0.00002 mark. This signals growing weakness as Bitcoin’s performance heavily influences altcoin movements. If Bitcoin continues to falter, Pepe Coin may see further declines. For Pepe Coin price, maintaining $0.000015 as a support level is crucial. A break below this threshold could lead to a 50% price crash, signaling a bearish trend. Source: X Pepe Coin Price Structure Hints Crash Pepe Coin price faces a critical moment on the 3-day chart as it breaks below a significant trading range. The Volume Profile reveals the Value Area High (VAH) at $0.00001450, marking the next key support. A breakdown below VAH could lead to a 45% crash, while a rebound might trigger a 100% rally to the 1.618 Fibonacci extension level. On-chain metrics highlight intriguing signals about Pepe’s potential movement, underscoring the importance of…
Filed under: News - @ January 13, 2025 9:26 pm