PEPE Price Prediction: Crypto Analysts Eye Reversal as PEPE Continues Its Slide
It's slipping—but the crowd's whispering about a comeback.
PEPE, the meme coin that once rode a wave of pure, unadulterated sentiment, is seeing red. The charts are painting a picture of decline, a steady drip that tests the faith of even the most ardent frog believers. Yet, amidst the sea of red candles, a chorus of crypto analysts is humming a different tune. They're not just hoping for a bounce; they're predicting a structural reversal.
The Anatomy of a Dip
Let's be clear: this isn't a flash crash. It's a grind, a methodical price discovery that separates diamond-handed degens from fair-weather fans. The market's doing what it does best—testing conviction. Every support level breached is a story of stop-losses triggered and paper hands shaken out. It's the necessary, painful pruning before new growth.
Why the Bulls Are Still Croaking
The analyst optimism isn't born from hopium. It's rooted in technical patterns older than half the tokens in the top 100—classic divergence signals, oversold oscillators flashing buy, and historical support zones acting like a magnet for price. They're watching for the moment selling exhaustion meets aggressive accumulation. When that happens, the reversal isn't just a relief rally; it's a trend change.
It's the old Wall Street playbook, just with more frog memes and less pretension—though let's be honest, the self-congratulatory genius complex is just as strong when a 20x leverage long prints.
The Waiting Game
So, the prediction stands: the slip is a setup. The market's building a spring, coiling pressure for a move that could catch the shorts off guard. It's a high-stakes game of chicken between persistent sellers and believers waiting for the tide to turn. One thing's certain in crypto—narrative shifts faster than a trader can say 'liquidated.' And the next narrative for PEPE might just be written in green.
Pepe Price Prediction: OI Drops to Lowest Level Since April as PEPE Breaks Key Support
At some point, PEPE was one of traders’ favorite instruments as its open interest (OI) in the futures market reached $1 billion on July 20.
However, as the price progressively declined, OI fell apart, retreating by 80% as well since that peak to reach $200 million at the time of writing.
PEPE just broke a key support at $0.0000040 and may continue its descent to the support area mentioned by Cypto Tony.
Right now, the price is retesting this price zone from below. A decisive rejection of a move above it WOULD confirm a bearish outlook.
That said, the Relative Strength Index (RSI) shows a bullish divergence has started to show up. This could be an early signal that the price trend is about to reverse.
As meme coins wait for a shift in market sentiment, a project inspired by Pepe’s viral meme has captured investors’ attention. This is a hot crypto presale called Pepenode ($PEPENODE), whose mine-to-earn (M2E) game could soon go viral as it makes mining easy, fun, and accessible.
Pepenode ($PEPENODE) Could Kickstart Another Golden Era for Crypto Mining
Pepenode ($PEPENODE) changes a long-standing paradigm in the crypto mining space. For years, this activity required thousands of dollars invested in expensive equipment, but not anymore.
Players can easily launch VIRTUAL servers and fire up as many mining rigs as they want by simply buying $PEPENODE. The more rigs you operate, the faster you will climb the leaderboard to compete for top airdrops of tokens like Bonk ($BONK) and Pepe ($PEPE).
In addition, the project introduces a deflationary twist as up to 70% of the $PEPENODE used to upgrade rigs will be burned permanently. This reduces the circulating supply and will help increase the price of the token in the NEAR term.
To buy $PEPENODE and start mining, simply head to the official Pepenode website and LINK up a compatible wallet like Best Wallet.
You can either swap USDT or ETH for this token or use a bank card to pay.
