Pepe (PEPE) has recently experienced a severe drop, falling below its lower support level, which had held firm since the start of the month.
Over the month, the price was slashed by more than 40%, prompting a bullish rally as buyers entered the market to dominate.
Both PEPE and SHIB are now closely watched to see if they can emerge from this bearish phase and initiate a bullish trend.
The article explores the potential for these memecoins to rise above their current price pressure.
