Crypto
PEPE Price Drifts Downward Amid Bearish Technical Signals
The price of PEPE has been drifting downward after its sharp increase between August 18-25, when it rose by 65% to briefly touch $0.0000043.
This surge was largely fueled by a legitimate squeeze piggybacking on Bitcoin's best August since 2017, but squeezes eventually end.
As of August 30, PEPE is trading near $0.00000364, roughly 13-15% below its August peak and down approximately 10.9% on the week.
The daily RSI has collapsed by 13 points in just 72 hours, from overbought territory above 79 to neutral at 60.29, while the MACD histogram has flipped bearish.