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PEPE price prediction: can the memecoin break from the bear trend?
- PEPE price dropped by 21% this week amidst bearish pressure and technical challenges.
- The token struggled to recover key levels, signaling a bearish continuation.
- PEPE faces a critical zone at the point of control (POC) which could dictate its short-term direction.
- Geopolitical tensions between Iran and Israel have exacerbated risk-off sentiment in memecoins, including PEPE.
- The whale activity shows large holders are distributing PEPE, highlighting market vulnerability.
- Even positive news like FLOKI's token burn failed to improve investor sentiment.
- Market observers advise caution due to the ongoing risk-off environment and weak technical structure.
- PEPE's fate depends on the POC holding firm to stabilize price action.
- The upcoming FOMC decision and broader macroeconomic triggers could influence PEPE's short-term price action.
- Traders are closely monitoring whether PEPE will reverse its bearish trend or face further losses.
- The future trajectory of PEPE remains uncertain, with potential for heightened volatility.
- Market sentiment is cautious, with the focus on PEPE's ability to reclaim lost ground.
- PEPE's price outlook is hinging on the critical POC level to determine its trajectory in the coming days.
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