Pepe coin price has dropped further in the last 24 hours, correlated with Bitcoin's decrease below $56,000. The market is anxiously awaiting the release of the Non-Farm Payrolls (NFP) report on Friday, September 6, at 8:30 ET.
Currently, PEPE is at a crucial support level, which could lead to a significant sell-off if breached. The looming 'death cross' adds to the bearish outlook for Pepe coin.