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The Pepe price plunged over 7% in the last 24 hours to trade at $0.00001223 as of 9:56 p.m. EST as investors decrease their exposure to the meme coin. This recent drop in the PEPE price is part of a longer-term bearish trend that has seen the altcoin’s value plummet more than 22% in the last week. Its monthly performance also stands over 32% in the red. Pepe Price Trying To Reclaim Support 4-hour chart for PEPE/USD (Source: GeckoTerminal ) The Pepe price is trying to reclaim the support of the $0.00001224 mark after dropping below the level in the last couple of hours. If the meme coin fails to close a 4-hour candle above this price point within the next 8 hours, it could stand the risk of continuing the negative trend it has been in over the last few days. Traders might subsequently push PEPE down to $0.00001084. On the other hand, the Pepe price reclaiming the $0.00001224 support soon could lead to a bullish reversal of the meme coin’s negative trend. In this altern...