Pepe Coin at a Crossroads: Can It Hold $0.00000970 or Bounce Back Stronger?

Pepe Coin teeters on the edge—will it claw back above critical support or plunge to $0.00000970? The memecoin’s volatility has traders sweating, as bullish sentiment battles bearish reality.

Technical Tug-of-War

With no clear catalyst in sight, PEPE’s price action hinges purely on speculative momentum. Retail FOMO clashes with whale accumulation patterns—classic crypto theater.

Make or Break Levels

A hold above current support could trigger a squeeze toward higher liquidity zones. But failure? That’s a one-way ticket to the meme graveyard where ‘number go up’ theology meets cold, hard charts.

Remember: in crypto, even frogs can ride bubbles—until they pop.

Pepe coin price is once again at a crucial technical crossroads after sharp liquidations and growing bearish momentum.

The token is broke below a critical support level at around $0.00001180, as price action and whale action became exhausted.

Should the bulls fail to get this level back, then the next bearish trigger is located at $0.00000970.

PEPE Coin Price Breaks Below $0.00001180 Support

PEPE price was trading NEAR a key short-term level near $0.00001060 earlier today, after which it fell further to $0.00001020, noting a 24-hour drop of over 4%.

This was after it recorded a sharp 8.43% drop the previous day. The technical chart shared by Ali Martinez identified $0.00001180 as a decisive area that once served as support during the mid-July rally.

According to the analysis, failure to reclaim this level flips it into resistance, confirming a broader bearish continuation, which seemed to be the case at this point in time.

The structure showed a consistent downtrend with lower highs forming since Pepe rejected the $0.00001410–$0.00001500 supply zone.

Subsequent breakdowns at $0.00001290 and $0.00001170 were also retested unsuccessfully as resistance.

However, if bulls cannot break above $0.00001180 with strong momentum, the analyst projects a likely MOVE to $0.00001080, $0.00001050, and eventually $0.00000970.

This bottom target is the next major horizontal demand area where traders can make a bid to reclaim control. Up to this point, Pepe Price is not technically in the strongest position.

Whale Liquidation Exceeds $1M as Portfolio Value Crashes

Meanwhile, the wallet address 0x432d, which was marked by Lookonchain, experienced a severe liquidation event, losing almost all of its PEPE coin.

The long position, valued at $181,509 with 12.22x leverage, now holds just $14,850 in account equity.

The position entered at $0.00001289 and is now DEEP underwater with the current price at $0.00001080.

The unrealized loss is of $36,417 or -200.64% ROE, which approaches liquidation of $0.00001040. Capital has been depleted further by funding fees greater than %5900.

The trader had 100% long exposure on kPEPE and no short hedging, which made the portfolio very vulnerable to downside volatility.

Liquidation records showed that successive forced liquidation occurred when the price dipped out of major support areas, resulting in liquidation cascades.

Such events usually indicate failure of market structures and loss of confidence, more often among highly Leveraged players.

The capital damage illustrated how this decline is serious, as the account has only $14,850 left in it.

On-chain Metrics Show Selling from Large Holders

PEPE coin holders have begun shifting away from accumulation. The What Are Holders Doing dashboard shows a decrease in the exchange wallet balances equivalent to 2.41%, comprising 250.62 trillion tokens.

This indicates more transfers to exchanges, which implies pressure to sell.

Although the token rallied at a price above the $0.0000140 level by mid-July, it has since dropped, as it has yet to find solid support among buyers.

The total token balance across tracked wallets remains around 305.52 trillion, but outflows to exchanges reveal reduced conviction among large holders.

In the meantime, the distribution score is 20, which is balanced, demonstrating neither accumulation nor redistribution dominance.

If this exchange inflow continues, it could add further pressure on PEPE price to test lower support levels.

So far, no new large wallet activity suggests an attempt to buy the dip.

Mixed Sentiment as Triangle Pattern Hints at Rebound

Despite the bearish structure, some analysts still see room for recovery. According to Token Talk, a symmetrical triangle was forming on the daily chart.

The coin is probing the bottom of this triangle in the range of $0.00001108-$0.00001115, and may break out to a target of $0.0000130-$0.0000145.

The chart indicated that PEPE price may be gearing up for a larger move if the coin makes it back into this support area, holds and bounces off this zone.

A break above the triangle’s upper trendline could ignite bullish momentum. This bullish arrangement, however, is threatened by the current price of $0.00001020.