#PEPE -30% More drop to come?
Price retested the previous broken support area, looking as the current weekly candle i think continuation to the downside is more likely than the higher prices.
As long as there is no breakout i think price may drop -30% more.
P.s: Keep in mind this is the weekly chart and it will take time to play out, low time frame can bounce in between but weekly downtrend will be intact unless it breaks.
Price retested the previous broken support area, looking as the current weekly candle i think continuation to the downside is more likely than the higher prices.
As long as there is no breakout i think price may drop -30% more.
P.s: Keep in mind this is the weekly chart and it will take time to play out, low time frame can bounce in between but weekly downtrend will be intact unless it breaks.