PEPE’s fork PORK faces bloodbath: Here’s what’s going on

PepeFork [PORK], a fork of Pepe [PEPE], experienced significant popularity growth but faced a severe price drop, with a more than 10% decline in the last 24 hours. Despite a brief bullish trend driven by a 12% weekly rally, increased selling pressure and a high supply on exchanges led to a bearish market sentiment. In contrast, PEPE showed more stability, only dropping 1.5%, maintaining bullish sentiment, and demonstrating higher buying pressure. Future prospects for PORK look grim as indicators like RSI and CMF suggest a potential continued decline, despite a bullish signal from the MACD.