PEPE Eyes Further Declines as Activity and Momentum Fade
Meme token PEPE (PEPE $0.0₅9430) is showing signs of weakness after breaking below key support, with analysts warning of a potential 15% slide.
Trading activity has cooled sharply. Daily volumes fell to $980 million, while open interest slipped 4% to $535 million, CoinGlass data shows. Derivatives flows underscored the bearish tilt, with $326,000 in long liquidations versus just $9,900 in shorts, highlighting one-sided pressure.
On-chain signals remain weak. Glassnode reported daily active addresses have dropped to fewer than 3,000, far below the 27,500 peak seen in late 2024’s rally.
Technical outlooks point to further downside. According to Alpha Crypto Signal, PEPE’s breakdown from a symmetrical triangle pattern could push the token toward the $0.0000085–$0.0000080 range. Nansen data showed limited accumulation among large holders, with top 100 wallets adding just 0.2% last week, while exchange balances rose 1.13%, suggesting increased selling supply.
Price Action
CoinDesk Research noted PEPE traded in a 5% range between $0.000010028 and $0.000009567. A brief rally to the $0.000010000 level on 2.6 trillion tokens quickly stalled, with sellers regaining control.
The token has since tested $0.000009610, a 4% retreat from recent highs. Resistance is forming near $0.000009640, with volume spikes above 89 billion pointing to distribution rather than renewed buying.
