Pepe Coin Analyst Warns as PEPE Takes Center Stage Amid Allegations

Pepe Coin has garnered attention once more, but this time, the focus is on its recent negative performance. Over the last seven days, the coin has encountered a notable decline. Amidst this month’s crypto roller coaster, the frog-themed Pepe Coin (PEPE) emerged victorious with 92% gains over the past 30 days, claiming a new all-time high. However, the tide seems to be turning.

Over the past 24 hours, the PEPE price has seen a notable 4.59% lapse, making it a frontrunner to an average 2.77% decline among meme coins. Some analysts cite this as the beginning of a larger correction. Crypto analyst Ali Martinez identified bearish signals for PEPE coin, suggesting a possible price drop. Despite buyer efforts, PEPE coin is trading below its recent support as bulls and bears await price direction.

Potential 50% Drop? Analysts Sound the Alarm

PEPE’s price struggles to find strong upward momentum as analysts warn of a potential 50% drop. PEPE’s price trades around $0. as its price navigates volatile market conditions. This potential dip has sparked concern among investors, leading to increased selling pressure. The combination of technical indicators and negative sentiment has fueled the bearish outlook.

Allegations of Theft Plague Pepe Coin's Reputation

Adding fuel to the fire, former team members of Pepe Coin are facing allegations of theft from the project wallet, leading to a significant blow to the coin’s reputation. These allegations have eroded trust in the project and contributed to the recent price decline. The long-term impact of these accusations remains to be seen, but they undoubtedly cast a shadow over Pepe Coin's future. Investors are urged to exercise caution and conduct thorough research before making any decisions related to PEPE.