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Can PEPE Coin Survive This Drop?
- PEPE coin, a popular meme token, is experiencing a decline in price after a previous rally, prompting speculation about its future performance.
- The current PEPE coin chart shows weakness, with the price around $0.00001028, indicating a bearish trend.
- Key support levels for PEPE coin include $0.00001000 and $0.00000820, while resistance levels are at $0.00001350, $0.00001680, and $0.00002000.
- The RSI suggests bearish momentum, with potential for further downside if support is broken.
- Possible retracement levels could lead to a 20.23% downside if support at $0.00001000 is breached, or a 31.33% upside if a bounce occurs to $0.00001350.
- Short-term traders should monitor the $0.00001000 support level for potential moves, while long-term believers might see this dip as a buying opportunity near strong support.
- Price action in the coming days will be crucial in determining PEPE coin's next direction.
- PEPE remains a high-risk, high-reward investment, and traders should exercise caution and analyze the market before making decisions.
- Bitget is recommended for purchasing PEPE coin due to low fees, user-friendly platform, and 24/7 customer support.
- To buy PEPE on Bitget, users need to create an account, complete KYC verification, deposit funds, and then proceed to buy PEPE.
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