PEPE teeters on a 22% crash – Will this critical signal flip the script?

Memecoin PEPE wobbles near a cliff’s edge—one wrong move could trigger a 22% nosedive. Traders are glued to a make-or-break technical signal that’s flashing red.

The Do-or-Die Level

If PEPE’s support crumbles, the frog-themed token risks leaping into freefall. But if bulls wrestle back control, the crash narrative evaporates faster than a crypto influencer’s credibility.

Market Psychology at Play

Fear’s creeping in—just as Wall Street hedges start ‘accidentally’ shorting memecoins again. Classic.

Watch that key level. Flip it, and PEPE moonwalks away from disaster. Fail? Well… enjoy the ride down.

Key Takeaways 

PEPE formed a head-and-shoulders pattern on the daily chart, with a potential 22% drop if the price fails to reclaim the $0.000013 resistance zone soon.

The strong red candle in Pepe [PEPE], the viral memecoin, has triggered a classic bearish reversal structure and traders are now bracing for a potential dump.

PEPE struggles near breakdown zone

The overall cryptocurrency market has been experiencing either sideways or downward momentum. So, the memecoin followed suit and dropped over 7.5% in the past 24 hours, slipping toward the neckline level near $0.000012.

During the same period, trading volume ROSE by 4.5%, hinting at increased participation, either for hedging or dip-buying.

Source: TradingView

AMBCrypto’s technical analysis showed PEPE was in a short-term uptrend, but a 20% weekly drop signaled a likely reversal.

On the daily chart, the memecoin appeared to break down from a head-and-shoulders pattern. It was retesting the neckline zone NEAR $0.00001220 at press time.

If PEPE fails to reclaim this level, a 22% MOVE lower toward $0.000009 remains likely.

However, this bearish structure WOULD be invalidated if the coin closes a daily candle above $0.000013, confirming buyer strength and flipping resistance.

As of press time, the Chaikin Money FLOW (CMF) held at 0.02, suggesting mild accumulation, but not enough to support a bullish reversal.

Expert views on PEPE memecoin 

Crypto analyst VegetaCrypto1 shared on X that PEPE “should sweep tomorrow or day after” before recovering—implying a possible fakeout and bounce setup.

Source: X

On-chain data supports bearish bias

Recent investor activity has further strengthened this bearish outlook.

According to CoinGlass, exchanges recorded $1.92 million in net PEPE inflows over the past 24 hours, suggesting that holders are preparing to sell.

Source: CoinGlass

At the same time, derivatives data reveal a clear short bias. Traders have opened $10.85 million in short positions at $0.00001248, nearly double the $5.92 million in longs at $0.00001152.

Together, the inflows and Leveraged bets suggest traders and investors expect further downside in the near term.