Pepe Price Analysis: Will PEPE Survive Prevailing Bear Pressure?

Pepe price is overall down for the week, but the bear pressure remains relentless. Technical indicators suggest the price of $PEPE still has some more downside distance to cover. The entire crypto market cap is down 2.1%, and despite positive Bitcoin ETF netflows, the asset is down 0.9%. The high correlation between $PEPE and Ethereum may be impacting its price now as the ETH ETF experienced negative netflows on August 15, reflecting a 2.9% drop in price. Can $PEPE hold up against the overbearing sell pressure?