PEPE Faces Resistance Amid Sell-Offs: Can It Rebound?
PEPE, the third-largest meme token by market value, recently struggled to maintain its breakout above the 100-day moving average. Despite a brief surge to $0.00001009 early Monday, the token retreated by 1% to $0.00000992 as selling pressure dominated. Volume analysis highlights four high-volume sell-offs, forming a descending resistance trendline, with a notable movement of 500 billion PEPE ($3.85 million). This summary delves into the challenges PEPE faces and its potential for recovery in the volatile crypto market.
PEPE Struggles to Sustain Breakout Amid Persistent Selling Pressure
PEPE, the third-largest meme token by market value, has faltered after a brief breakout above its 100-day moving average. Early Monday saw the cryptocurrency touch $0.00001009 before retreating 1% to $0.00000992, as distribution patterns outweighed accumulation efforts.
Volume analysis reveals four distinct high-volume sell-offs, forming a descending resistance trendline. The movement of 500 billion Pepe ($3.85 million) to Binance underscores ongoing volatility, with whale activity suggesting potential liquidations.
Technical indicators paint a mixed picture—RSI sits at 44.29 while sentiment remains neutral. Despite short-term turbulence, analysts maintain bullish long-term projections for the token.
PEPE Price Poised for Potential 20x Surge as Technical Patterns Signal Breakout
Meme coin PEPE exhibits a recurring bullish pattern that historically precedes massive rallies, with analysts projecting a 20-fold price increase if key support levels hold. The token's chart structure mirrors previous accumulation phases that resulted in 10x gains, suggesting another explosive move may be imminent.
Technical analysts highlight $0.0000102 as critical support, with a breakout above this level potentially propelling PEPE to $0.000015. The current market structure shows striking similarities to prior parabolic moves, complete with defined accumulation flags and breakout zones that typically precede vertical price action.
Market sentiment surrounding meme coins appears to be heating up again, creating favorable conditions for PEPE's potential rally. The token's recent price action has already completed what analysts describe as the 'first loop' of accumulation, with the second phase now gaining momentum.
PEPE Gains 3% Amid Whale Accumulation as Crypto Market Ignores Tariff Concerns
PEPE, the meme-inspired cryptocurrency, climbed roughly 3% over the past 24 hours despite lingering market volatility. Trading volumes surged, with 5.64 trillion tokens changing hands during peak activity—a sign of sustained interest even as broader markets grappled with geopolitical uncertainty.
Whale holdings ROSE 1.75% to 303 trillion tokens, while exchange reserves dropped 2.9% over 30 days. This supply-demand dynamic suggests accumulating pressure: fewer immediately tradable tokens on platforms, coupled with deepening conviction among large holders.
The token found support above $0.000010200 during the session, briefly spiking to $0.00001043. Its performance mirrored a broader altcoin rally, with the CoinDesk 20 Index gaining 2.6% as digital assets shrugged off impending U.S. tariff measures.
