{"id":632829,"date":"2024-08-02T14:00:27","date_gmt":"2024-08-02T14:00:27","guid":{"rendered":"https:\/\/uniquehot.com\/?p=632829"},"modified":"2024-08-02T11:46:35","modified_gmt":"2024-08-02T11:46:35","slug":"pepe-bullish-trend-line-under-threat-0-00000766-level-on-sight","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/pepe\/pepe-bullish-trend-line-under-threat-0-00000766-level-on-sight\/","title":{"rendered":"PEPE Bullish Trend Line Under Threat: $0.00000766 Level On Sight?"},"content":{"rendered":"
PEPE<\/span><\/a>, one of the top meme coins in the crypto space, is currently at a crucial point as it approaches its long-standing bullish trend line. As the price draws near the bullish trend line, a break below it could signal a major shift in market sentiment, triggering a price draw down to the $0.00000766 mark.<\/span><\/p>\n This article provides an in-depth analysis of the current price action, focusing on the bullish trend line. It examines whether a potential break below this line could drive the price to the critical support level at $0.00000766 or if a potential reversal is on the horizon.\u00a0<\/span><\/p>\n As of the time of writing, PEPE’s price has dropped by 5.10%, trading at approximately $0.00001005 in the past 24 hours. PEPE boasts a <\/span>market capitalization<\/span><\/a> exceeding $4.2 billion and a trading volume surpassing $821 million. The asset\u2019s market cap has decreased by 5.32%, while its trading volume has increased by 35.01% in the past 24 hours.<\/span><\/p>\n On the 4-hour chart, PEPE has demonstrated significant bearish <\/span>momentum<\/span><\/a>, with the price dropping below the 100-day Simple Moving Average (SMA) and the $0.00001152 support mark, signaling a potential bearish move toward the bullish trend line. A successful breach below this trend line could signal the start of a bearish trend for the cryptocurrency, potentially driving the price down to the next key support level at $0.00000766.<\/span><\/p>\nTechnical Analysis: Current Market Sentiment For PEPE<\/strong><\/h2>\n