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The Pepe price pummeled 21% in the last week and 3% in the past 24 hours to trade at $0.00001018 as of 4:54 a.m. EST, with trading volume soaring 107% to $1.7 million.
The cryptocurrency market has plunged over 3% in the last 24 hours to a $3.38 market capitalization, as tensions escalate between Israel and Iran.
US President Donald Trump is considering entering the conflict and joining Israel’s strikes on Iran. This comes after Trump called for Iran’s “complete surrender,” but the US won’t kill Iran’s Supreme Leader Ayatollah Ali Khamenei, “at least for now.”
— Donald J. Trump (@realDonaldTrump) June 17, 2025
Can this decline in prices affect the price of Pepe?
Pepe Price Finding Support, Aims For A Bullish Trend Reversal
The PEPE price, after reaching an all-time high (ATH) of $0.00002803 in December, underwent a sustained bearish reversal, breaking through the $0.0000052 support zone.
However, that support acted as a cushion for the bulls to push the price up, which formed a rounded bottom pattern.
After hitting the neckline around $0.00001573, the Pepe price invalidated the bullish structure, dropping through what appears to be a falling channel pattern.
Despite the slight correction, PEPE still trades above both the 50 and 200 Simple Moving Averages (SMAs) on the 3-day chart, which supports the sentiment that the price may still recover.
The Relative Strength Index (RSI) is currently at 46.87, just below the neutral 50 mark. This indicates mild bearish momentum but is far from oversold territory.
The Pepe price shows that the technical setup leans slightly bullish in the mid-term. If PEPE breaks out of the falling channel to the upside, especially with a close above the 50 SMA at $0.00000966, the next likely target would be a retest of the resistance zone around $0.00001450–$0.00001500.
However, if the price of Pepe fails to hold above the 200 SMA and breaks down from the wedge, a dip toward the prior accumulation area near $0.00000750 could be in play.
Meanwhile, opportunistic investors are redirecting their funds to a new ICO crypto called Snorter Token (SNORT). According to Jacob Crypto Bury, a popular crypto YouTuber with over 56.8K subscribers, SNORT could soar 100X on launch.
Snorter Token Hits $1M In Fast-Growing Crypto Presale – Next 100X Crypto?
Snorter Token is a new Solana-based meme coin that has already raised $1.08 million in its ongoing presale.
The project blends lightning-fast swaps and low fees with a meme coin twist. Thus, it brings a fresh take to a space often dominated by complexity.
Unlike browser-based tools, Snorter runs directly within Telegram, enabling users to perform sub-second swaps, automate sniping, and track portfolios in real-time.
Snorter Bot also brings powerful tools like copy trading, limit orders, and scheduled buys. These features give traders more ways to manage their portfolios.
The bot is entering a space where most users currently favor Trojan and BonkBot, two bots that have gained prominence on the Solana blockchain for their affordable fees and secure transactions.
Snorter Bot also beats the competition in terms of fees. By simply holding the SNORT token, traders reduce their execution fees from 1.5% to 0.85%, undercutting other Telegram crypto trading bots.
In addition to its trading features, staking rewards currently sit at 283%, which decreases as more investors join the ICO.
The presale is now live, and the token is selling at $0.0957. Tokens can be bought with SOL, ETH, BNB, or bank card, and staked directly on the official site.
Interested investors will want to buy before the next presale price hike in approximately 3 days.
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