Pepe Coin Price Analysis Hints 20% Downside Risk As Sellers Break 50-day Support

Pepe Coin Price Analysis: The memecoin PEPE, themed around a frog, recently experienced a price correction after peaking at $0.0000172 in late May. This downturn saw the altcoin’s price fall by 25%, landing at $0.00001274, while its market cap decreased to $5.36 billion. Concurrently, as Bitcoin struggled to maintain its position above the $70,000 mark, the broader cryptocurrency market faced additional downward pressure. This situation suggests that the market may be entering a period of extended correction or consolidation.