Today, December 27, PEPE continues to test investors' nerves, showing a slight decline of -1.85% over the last 24 hours. While the larger market recovers after options expirations, PEPE is trying to hold key levels.
🔍 What does the chart show?
Current price: PEPE is trading in the range of $0.0000038 – $0.0000039.
Support level: Key support is at $0.0000038. If it does not hold, further decline to $0.0000035 or even $0.0000032 is possible.
Resistance: To start moving upwards, PEPE needs to overcome resistance at $0.0000042.
RSI: The Relative Strength Index (RSI) is at 35, indicating the asset is oversold and there is potential interest in buying, but it does not guarantee a reversal yet.
📉 Reasons for pressure:
Profit fixation: Some traders fix profits after a slight recovery at the beginning of the week, especially before the New Year.
Overall correction of altcoins: After record option expirations of BTC, capital flows from less liquid altcoins into more stable assets.
Uncertainty: The lack of new significant catalysts or hype around PEPE makes investors cautious.
🚀 Is there hope for a "Christmas rally"?
Santa rally: Traditionally, the end of December and the beginning of January can bring the so-called "Santa rally," when prices rise on New Year expectations. However, for meme coins, this often depends on viral hype.
BTC dominance: If Bitcoin continues to rise after the expiration, it may also pull up PEPE.
💡 Conclusion:
PEPE is currently at a critical point. While technical indicators suggest oversold conditions, strong momentum is needed for a significant reversal — either from BTC or due to a new viral trend. Watch for trading volumes and reactions at key levels.
💬 What do you think, will PEPE withstand the pressure and show a New Year bounce?
Share your predictions in the comments!
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