PEPE has continued its downward trajectory, hitting a six-month low of $0.00000670. The meme coin’s sustained losses have significantly eroded investor confidence, leading even uncertain holders to pull back. 

The extended drawdown has created a challenging environment, with sentiment remaining overwhelmingly bearish.

PEPE Investors Are Losing Hopes

Short-term holders (STHs) have exited the market over the past month. Their participation has dropped from 11.5% to 7%, a 4.5% decline that reflects the growing reluctance to engage with PEPE at current price levels.

The prolonged downtrend has discouraged traders, as any recent investments have resulted in losses.

Typically, a low STH presence can be seen as a stabilizing factor, reducing volatility. However, this case highlights rising pessimism among PEPE investors.

The absence of new inflows and the reluctance of holders to re-enter suggest that sentiment remains fragile, further delaying any potential recovery.

PEPE’s macro momentum remains weak, with technical indicators signaling persistent bearish conditions. The Relative Strength Index (RSI) has remained stuck in the bearish zone for over a month, indicating continued selling pressure.

The lack of upward momentum suggests that recovery remains unlikely in the near term.

Additionally, worsening broader market conditions have exacerbated PEPE’s decline. Without a shift in macroeconomic or crypto market trends, the meme coin could remain under pressure. Until key resistance levels are breached, bearish dominance is expected to persist.

The PEPE Downtrend Continues

PEPE’s price has fallen to $0.00000670, holding above the critical support of $0.00000632. Sitting at a six-month low, the meme coin’s four-month-long downtrend shows no signs of reversal. If bearish pressure continues, PEPE could lose its support and sink further.

A breach of $0.00000632 would likely result in PEPE falling below $0.00000600. This could extend losses further, pushing the price toward the next support at $0.00000587. Without a strong reversal, PEPE may continue its downward trajectory, deepening investor losses.

The only way to invalidate this bearish outlook is if PEPE reclaims the crucial resistance of $0.00000951 as support. A successful breakout above this level would increase the chances of the meme coin returning to $0.00001000.

However, before this can happen, PEPE must first breach $0.00000718 and $0.00000839, both acting as key resistance levels on the way to recovery.

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

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Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

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Cardano (ADA) has struggled to maintain $1 as support, facing resistance that led to a sharp 9% decline in the last 24 hours. Despite this downturn, traders appear increasingly bullish. 

With ADA currently trading at $0.80, the recent price action has sparked optimism, opening the door for a potential recovery.

Cardano Enthusiasts Are Certain Of Recovery

Cardano’s funding rate is on the verge of turning positive after nearly a week in the negative zone. This shift indicates a potential change in trader sentiment.

When the funding rate is negative, short sellers dominate, showing bearish sentiment. However, as the rate moves toward positive territory, it suggests traders are now placing more long contracts than short, signaling confidence in a price rebound.

The shift in sentiment follows ADA’s price drop to $0.80, allowing traders to enter positions at lower levels. Many now anticipate an uptrend, believing the cryptocurrency’s recovery is imminent.

One key metric supporting Cardano’s potential recovery is the Market Value to Realized Value (MVRV) Long/Short Difference, currently at 23%. This metric assesses the profitability of long-term holders (LTHs) versus short-term traders.

A positive value indicates LTHs are sitting in profits, reinforcing market stability.

Long-term holders often act as the backbone of an asset, and their profitability supports overall market health. As these investors see their positions return to profit, they are less likely to sell, reducing downward pressure on ADA’s price.

ADA Price Is Aiming High

Cardano’s price fell by 16.8% over the past 48 hours, struggling to breach the $0.99 resistance level. This sharp decline pushed ADA to its current trading price of $0.80, leaving traders assessing potential recovery scenarios.

Despite the drop, Cardano has maintained support above $0.77, suggesting a possible bounce. If the funding rate flips positive and macro momentum remains strong, ADA could reclaim $0.85 as support.

A successful flip would enable Cardano to retest $0.99 and potentially establish $1.00 as a new support level.

However, risks remain. If broader market conditions deteriorate, ADA could lose its footing above $0.77. A break below this level would invalidate the bullish outlook, exposing Cardano to a further decline towards $0.70.