NewsletterPepe Coin Price Prediction: 25% Downside Looms Amid Waning Whale Support
Highlights
- Pepe Coin price prediction may hint at a prolonged correction trend amid wedge pattern formation.
- The $0.000009 level, backed by nearly 30 trillion PEPE across 20,000 addresses, has become sellers' key area of interest.
- A potential bearish crossover between 50-and-100-day EMA may accelerate bearish momentum.
Pepe coin price prediction shows a 3.6% jump to $0.00000875 on Sunday amid Bitcoin sustainability above $60000. This renewed recovery indicates stability for a follow-up rise after the Thursday rally in the crypto market. Will the meme cryptocurrency sector outperform the other assets due to its volatile nature, or will sellers await a comeback?
Pepe Coin Price Prediction Hints Potential Reversal
This week, the meme coin sector showcased a notable recovery as the broader market carried a relief rally after the July sell-off. This bullish turnaround uplifted the Pepe coin price from $0.00000585 to $0.0000086, registering a 47% rally. Consecutively, the market cap boosted to $3.65 Billion.
Despite a brief recovery, IntoTheBlock analytics reveals a significant decline in Pepe Coin’s large transaction volume. From a peak of 585 Txs on August 5th, the metric has plummeted to just 79 Txs, marking an 86.5% drop. This sharp decrease indicates a waning interest from whales, suggesting that the recent price rally might lack the momentum to sustain itself.
Pepe coin price prediction shows an overhead supply at the $0.000009 level backed by a 20-day exponential moving average as a dynamic resistance. A potential bearish crossover between the 50-and-100-day EMA could accelerate the selling pressure for another reversal.
Additionally, the In/Out of the Money Around Price (IOMAP) metric indicates that approximately 20,000 addresses hold over 30 trillion PEPE tokens at an average purchase price of $0.000009. This large overhead supply, currently at a loss, may sell their tokens at break-even in anticipation of a market correction, potentially intensifying the selling pressure.
A bearish turnaround may set the PEPE price prediction for a 25% drop to revisit the wedge pattern support at $0.0000065.
However, the falling wedge pattern typically signals a bullish reversal after a downtrend, characterized by converging trendlines that signal waning bearish momentum.
The Relative Strength Index (RSI) bounced from the oversold region to 41%, signaling that the asset holds strong demand at a discounted price.
Thus, pepe coin breakout from the $0.000009 barrier will signal an initiation shift in market sentiment. Following the pattern formation, the buyers could drive a 20% rally to challenge the overhead resistance at $0.00001.
Frequently Asked Questions (FAQs)
1. What factors are contributing to the possible 25% drop in Pepe price?
2. Could the falling wedge pattern signal a bullish reversal?
3. What do technical indicators suggest about Pepe Coin?
- KuCoin Global Opens Australian Offices as Part of Its Global Expansion
- Pi Coin Set for Major Adoption as Pi Network Officially Registers Under EU MiCA
- XRP Price Risks Falling Below $2 as Sentiment Dips to “Anxiety” Stage, Analyst Predicts
- 10 Best Crypto RWA Tokenization Platforms in 2025
- Michael Saylor Calls Strategy “Indestructible,” Says It Can Survive 80–90% Bitcoin Crash
- Why Are CRO, STRK & MYX Prices Up Today?
- Solana Price Prediction – Will the ETF Wave End SOL’s Multi-Week Downtrend?
- Ethereum Price Forms Rare Pattern as Tom Lee Makes Bold Prediction
- Is Dogecoin Price Set for a Recovery as Grayscale ETF Speculation Intensifies?
- Will MOODENG Reach $0.1 and MEW Hit $0.002 After Robinhood Listing?
- What’s Next for Cardano Price After Breaking Below Key Support Level?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Pepe
24 Hours volume
$484.29M
Market Cap
$2.02B
Max Supply
420.69T
Premium Partners
