Digital currency analyst predicts a potential 70% price decline for PEPE and discusses Bitcoin and Solana market trends.
Ali Martinez, a digital currency analyst and trader, has warned that PEPE, a popular meme coin in the bearish market, may experience a significant drop. He told his followers on the X platform that PEPE is ‘on the verge of a fall,’ with a 70% possibility of its price dropping to $0.00000316. Martinez also commented on Bitcoin, stating that the Moving Average Convergence Divergence (MACD) indicator on the weekly chart signals a bearish trend, with Bitcoin historically undergoing a 40% correction each time this occurs. Regarding Solana, he emphasized that this digital currency must defend the $125 support level; otherwise, it could plummet below $70.
