Analyst Says $PEPE Is Possible For A 50% Price Crash - BeInCrypto Analytics

Irma - Oct 4 - - Dev Community

PEPE is at risk of further decline after losing upward momentum. Crypto analyst Alan Santana warns that the meme coin’s retrace and increasing bearish signals, including a break below the MA200 and rising bearish volume, could push its price below $0.000009. Santana suggests a drop to the 0.786 Fibonacci retracement level could still happen, though this wouldn't break the long-term bullish structure unless a major crash occurs.

If PEPE tests the 0.786 level and breaks below it, a significant crash could follow. Santana sees two support levels: one at $0.00007 (a 25% drop) and a second near $0.000004, which could result in a 50% decline.

However, if bulls hold, PEPE could recover and move above $0.00001 again, reversing the bearish trend.

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