Investors in Pepe are leaving

Pepe's latest price was around 0.000013$, indicating a drop of more than 10% for the day.
Last Friday, for the first time in April, the meme currency fell below the 21-day moving average. This indicates that the situation may now be under the control of the bears.
However, PEPE dropped to $0.00001120 and currently recovered by 14% from session lows.
It is seen that the 50-day moving average (approximately $0.00001050) and the high levels around $0.11 that occurred between March and mid-May provided good support.
In light of this, it may be too early to declare the end of the current Pepe bull market. Pepe is still likely to be one of the most popular currencies to buy in June.
However, considering that Pepe is not too far away from reaching all-time highs, it is not surprising that investors are looking for alternatives.