PEPE Coin Price Flashes Buy Signal After 32% Crash: Rebound Ahead?

Key Insights:

• Ali Martinez indicates a recovery on the PEPE coin price as indicated by the TD Sequential buy signal.
• U.S. tariffs and macroeconomic risks triggered a 32%price drop in PEPE coins since the July high.
• At $0.00001000, PEPE has firm support to encourage a price recovery.

PEPE coin price has recently experienced a significant price dip. It has fallen by as much as 32 percent since its peak in mid-July. Although prices went down, there might be a reversal ahead, as technical indicators pointed to a possible reversal.

Analysts noted that the TD Sequential indicator, on the daily chart, issued a buy signal. This has made traders optimistic. Nevertheless, to ensure this signal confirms a recovery, various conditions must come to pass.

PEPE Coin Price TD Sequential Buy Signal

According to analyst Ali Martinez, the TD Sequential generated a buy signal on the PEPE price daily chart. This tool, commonly used in technical analysis, signals possible reversals.

The latest buy setup appeared after a sequence of bearish candles. This suggests downward pressure may be fading.

This signal was registered when the PEPE coin price continually fell in value during late July. The neutral candle on August 5 was a hint about the potential stabilization in price. The meme coin can overturn recent losses in the short term should the bullish momentum continue.

PEPE price trades at a key support level, at $0.00001000, at press time. This level has so far held firm, acting as a strong defense against further losses. If the PEPE coin price continues to consolidate above this zone, it could serve as a launch point for recovery.

Macroeconomic Concerns Contribute to Sell-Off

As macroeconomic uncertainty increases, the PEPE coin price has fallen. The increasing concerns of the economy induced Arthur Hayes to sell his PEPE valued at around $414,000.

Former BitMEX CEO blamed the slow pace in the U.S. economy and new tariffs on more than 90 countries. The decision by Hayes caused speculation throughout the market, which was met by traders shifting to stablecoins.

This added to the increased selling pressure of meme coins such as PEPE. Bearish conditions have also been experienced in the uncertain environment in the broader crypto market.

During the sell-off, PEPE price dropped from $0.00001083 to a session low of $0.00001002. However, analysts predicted a potential 35% surge in the PEPE price earlier in July. This is based on its breakout from a key resistance level.

PEPE Coin Price Resistance and Support Levels

PEPE coin price was still stabilizing after collapsing to close to session lows. A subsequent decrease in the trading volume indicated that sellers’ momentum could be tapering off. TD sequential suggests the presence of a buy signal.

However, the PEPE price has the potential to experience more downs if the price does not maintain $0.00001000 support. Should the meme coin price collapse, the next step that would support it is at 0.00000800.

In the meantime, the MACD histogram bars in red have begun to decrease in size. This indicated that the PEPE coin could reverse the price action.

Meme Coin Sector Reflects Similar Weakness

PEPE coin price replicated the drawbacks of other meme-based tokens. The shift in investor sentiment has impacted the industry and is caused by general economic and geopolitical uncertainties.

A different analyst concurred with the bullish PEPE price prediction. However, they identified that the new move indicated a bounce off the 0.00001000 support.

The correction decreased the PEPE price by 11% in the last 7 days. However, it is above the essential $0.00001000 support.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.