The meme token PEPE may drop by 18% if buyers do not hold the nearest support level. Over the last three months, the value of the digital asset has decreased by more than 55%, and over the last year — approximately by 75%. A slight price increase after November 21 brought some relief, but selling pressure continues to dominate the market, analysts report. Some of them believe that during this period, the number of large investors has increased, although retail sales are exerting short-term downward pressure on the PEPE rate.
Technical indicators provide an ambiguous assessment of the PEPE prospects. The Relative Strength Index (RSI) demonstrates hidden bearish divergence: a pattern forms higher highs, while the price forms lower lows, indicating insufficient strength of the recent upward movement. If the current trends persist, the meme coin may drop to the nearest support levels, which means a decrease of approximately 18% compared to the current levels. If the price falls below this support level, even more significant losses are possible. According to market experts, to change the direction of PEPE, it is necessary to overcome nearby resistance levels before a significant recovery begins.$PEPE #Write2Earn
