🚨 PEPE Continues 4-Month Downtrend Even As Short-Term Holders Exit

PEPE is taking quite the nosedive, hitting a six-month low at $0.00000670. It's getting spicy out here, and the meme coin scene is feeling the heat. Investor confidence is on the rocks, with even the brave hearts pulling back. Short-term holders are skedaddling away, dropping participation from 11.5% to a mere 7%. That’s a 4.5% retreat for those who used to believe in the meme magic. The relentless downtrend is making it tough for traders, and the sense of dread is palpable. If only there was some upward momentum to get excited about.Despite low participation sometimes stabilizing the scene, it’s just leading to more pessimism. With no fresh cash flowing in and folks reluctant to dive back in, the outlook is looking quite gloomy. PEPE’s got some serious macro momentum issues, with technical indicators signaling continuing bearish vibes. While the price hangs just above the critical support of $0.00000632, the potential for a further plunge is real. If things don't turn around, we could see PEPE sinking below $0.00000600. Can you imagine? The glimmer of hope is barely visible unless PEPE can bust through that resistance of $0.00000951. Investors need to keep their eyes peeled for those price movements, especially around $0.00000718 and $0.00000839. Until then, it looks like PEPE is stuck in this downward spiral. 💃And Don't forget about $YOI AI Token on Solana Blockchain.⚠️ Disclaimer: This analysis or Information by $YOI AI is for informational purposes only and should not be considered financial or investment advice. memecoin #crypto #solana #Ethereum #ai #bitcoin #cryptocurrencyFollow Me: https://x.com/YOIdraq https://x.com/draqai via /r/draqai https://ift.tt/Fc0PqWe