PEPE Faces Key Resistance After Death Cross Signals: Analysis

The meme coin PEPE recently crossed into a ‘death cross’ territory, which is raising concerns among traders about its potential for further bearish movement. This technical indicator signifies a potential shift in market momentum as the short-term 50 SMA dips below the longer-term 200 SMA on its four-hour chart. The effect has been evident in PEPE’s price, which has struggled to rise above moving averages on both the four-hour and daily charts.