PEPE's price fell 8.6% to $0.056086, maintaining a position just above its critical support level of $0.056044. Despite the decline in dollar terms, PEPE showed strength against major cryptocurrencies, gaining 10.1% against Bitcoin and 9.4% versus Ethereum. The market capitalization decreased to $2.55 billion, while the 24-hour trading volume saw a significant drop of 24.86% to $842.52 million.
The trading session was marked by a narrow price range, with PEPE's attempts to rise stalling below the resistance at $0.056661. This constrained movement reflected a controlled trading environment, with reduced transaction intensity. Technical indicators suggest bearish momentum, as the RSI indicates oversold conditions at 37.40, and the MACD shows a bearish crossover. For a potential upward move, PEPE needs to break the $0.056661 resistance, with psychological resistance at $1 remaining a significant hurdle.
PEPE Price Drops 8.6% Amid Lower Trading Volume, Holds Key Support
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