Pepe price inched higher in latest intraday trading after leaning on the pivotal support of $0.000006331, lending the price some momentum, but with ongoing negative pressure due to trading below the 50-candle SMA, and with the dominance of the main downward trend in the medium term, with negative signals streaming out of the Stochastic despite reaching oversold levels.
Therefore we expect the price to fall in upcoming trading, especially if the support of $0.000006331 is breached, targeting the next one at $0.0000039411.
Today’s price forecast: Bearish