PEPE Struggles Near Critical Support as Trading Volume Collapses

Pepe (PEPE), the third-largest meme coin by market capitalization, is facing significant bearish pressure as its trading volume has plummeted by 90% in recent weeks. Daily trading volume dropped sharply from $2.2 billion on July 18 to just $400 million in August, marking an 82% decline. Open interest in PEPE futures has also seen a substantial decrease, falling from $1 billion to $590 million since late July. The token is now hovering near a critical support level at $0.000010, with technical indicators suggesting potential further downside. This dramatic decline in trading activity and investor interest highlights the challenges PEPE is currently facing in the volatile cryptocurrency market. Despite its previous popularity as a meme coin, the lack of sustained momentum and bearish sentiment could pose significant risks for holders. The situation underscores the importance of monitoring key support levels and market trends for any signs of recovery or further decline.

Pepe Trading Volume Plummets 90% Amid Bearish Pressure

Pepe (PEPE), the third-largest meme coin by market capitalization, faces intensified bearish momentum as trading volumes collapse. Daily volume cratered from $2.2 billion on July 18 to just $400 million in August—an 82% decline. Open interest in Pepe futures mirrors the downturn, dropping from $1 billion to $590 million since late July.

The token now teeters NEAR critical support at $0.000010, with technical indicators suggesting potential downside to $0.0000090. Despite a 7.95% weekly drop, PEPE maintains its position above challengers like Pudgy Penguins, clinging to a $2 billion market cap lead in the meme coin sector.

Pepe Price Prediction: TD Sequential Triggers Buy Signal – PEPE Targets $1 Level

Pepe (PEPE) surged 5.7% in the past 24 hours, with trading volumes rebounding to over $500 million after recent lows. A prominent crypto trader suggests this momentum could validate a bullish outlook for the meme coin.

The TD Sequential indicator flashed a buy signal on PEPE's daily chart at $0.00001064, already yielding 2% gains. Historically, PEPE's most significant rallies occur when volumes exceed $1 billion—a threshold that WOULD further confirm the bullish thesis.

Futures market data reveals caution among traders, with open interest still 41% below its $1 billion peak. Technical analysis points to a near-term target of $0.00001200, representing an 11% upside from current levels.

PEPE Coin Shows Signs of Recovery After Market Decline

PEPE Coin, a prominent meme cryptocurrency, has weathered a significant downturn, mirroring the broader crypto market's retreat toward June lows following a volatile July. The coin now hovers precariously near the $0.00001 support level, with analysts cautioning that a breakdown could trigger further declines. Yet, emerging indicators suggest a potential reversal, with some projecting a 120% rebound.

Market observers attribute PEPE's recent struggles to the broader crypto retracement rather than coin-specific weaknesses. Despite the pressure, the meme token has demonstrated resilience, maintaining a consolidation range between $0.00001 and $0.000011. This structural stability hints at underlying market strength, with analysts noting its ability to withstand multiple bearish waves since May's peak.