Pepe (PEPE), known as the third-largest meme coin, is facing potential challenges in the market. The coin is anticipated to experience an 18% price decline due to bearish sentiments prevailing across the cryptocurrency landscape.
As of November 5, 2024, Pepe has broken out from a critical support level, indicating a shift into a downtrend. This break suggests that investors should be cautious as further price declines are likely, driven by current market dynamics.
