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PEPE Open Interest Plunges 72% From ATH, Is A Recovery Imminent? Newsbtc 1 ай мурун

PEPE Open Interest Plunges 72% From ATH, Is A Recovery Imminent? 📉

When it comes to meme coins, PEPE has been a standout performer, achieving multiple all-time highs in 2024 and crossing a $5 billion market cap. This rapid rise was accompanied by increasing open interest in the coin.

However, by mid-2024, PEPE's open interest saw a significant decline. From its peak of $794.77 million in May 2024, it dropped to $215 million by August, marking a 72% fall.

This decline in open interest suggests waning bullish sentiment among investors. Many are betting on the coin's price going down, leading to increased selling pressure.

Despite the bearish outlook, such situations can sometimes precede a market reversal. A potential short squeeze could drive PEPE prices up, especially as open interest and price have shown a positive correlation.

Булак: www.newsbtc.com ↗

Окшош макалалар (39)

PEPE Price Analysis: Overbought Signals Could Trigger Drop After 97% Surge Cryptonews 2 апта мурун
PEPE Price Analysis: Overbought Signals Could Trigger Drop After 97% Surge
Will Pepe Price Outshine SHIB for Good? – This Indicator Says Yes Cryptonews 1 ай мурун
Will Pepe Price Outshine SHIB for Good? – This Indicator Says Yes
Pepe Crashes 12% with Rising Middle East Tensions – Why Big Players Aren’t Panicking Just Yet Cryptonews 2 апта мурун
Pepe Crashes 12% with Rising Middle East Tensions – Why Big Players Aren’t Panicking Just Yet
Pepe Coin Price Outlook: Major Drop Looms as Analyst Sees 66% Crash Amid Supercycle Hype Cryptonews 6 күн мурун
Pepe Coin Price Outlook: Major Drop Looms as Analyst Sees 66% Crash Amid Supercycle Hype
PEPE Faces Potential 5% Drop, Eyes Key Support Level Retest Newsbtc 1 ай мурун
PEPE Faces Potential 5% Drop, Eyes Key Support Level Retest
Analyst Says PEPE Bearish Continuation Is Possible For A 50% Price Crash Newsbtc 1 апта мурун
Analyst Says PEPE Bearish Continuation Is Possible For A 50% Price Crash
PEPE Faces Key Support Test At $0.00000589 – Will Bulls Hold The Line? Newsbtc 1 ай мурун
PEPE Faces Key Support Test At $0.00000589 – Will Bulls Hold The Line?
PEPE Bulls Lose Momentum, Downside Risk Grows After Failing To Hold $0.00000963 Bitcoinist 1 апта мурун
PEPE Bulls Lose Momentum, Downside Risk Grows After Failing To Hold $0.00000963
Pepe (PEPE) Losses Favor After 10.84% Price Drop Creating Influx Of Holders For Competitor Mpeppe (MPEPE) Bitcoinist 1 ай мурун
Pepe (PEPE) Losses Favor After 10.84% Price Drop Creating Influx Of Holders For Competitor Mpeppe (MPEPE)
PEPE Reaches Critical Junction: Breakout Imminent Or Rejection Looming? Bitcoinist 2 апта мурун
PEPE Reaches Critical Junction: Breakout Imminent Or Rejection Looming?
Pepe Coin Drops A further 11.54% Creating Scarcity Within Crypto Sphere, Analyst Point to Mpeppe to Balance Portfolio Bitcoinist 1 ай мурун
Pepe Coin Drops A further 11.54% Creating Scarcity Within Crypto Sphere, Analyst Point to Mpeppe to Balance Portfolio
PEPE Shows 10% Recovery From Low, Market Downtrend Slows CryptoTale 1 ай мурун
PEPE Shows 10% Recovery From Low, Market Downtrend Slows
What PEPE traders need to know before making the next move Ambcrypto 1 ай мурун
What PEPE traders need to know before making the next move
PEPE defies ‘death cross’ even as bearish signs emerge Ambcrypto 4 апта мурун
PEPE defies ‘death cross’ even as bearish signs emerge
100% Crypto Whales Accumulation Not Enough to Prevent PEPE Price Crash  Beincrypto 1 ай мурун
100% Crypto Whales Accumulation Not Enough to Prevent PEPE Price Crash 
Pepe analysis: Is now the time to hold or sell amid recent rally? Ambcrypto 2 апта мурун
Pepe analysis: Is now the time to hold or sell amid recent rally?
PEPE Investors Cashing Out Massively: Is Price Rise About to End? Coinpedia 3 апта мурун
PEPE Investors Cashing Out Massively: Is Price Rise About to End?
PEPE reaches THIS key level: Is a trend reversal here? Ambcrypto 2 апта мурун
PEPE reaches THIS key level: Is a trend reversal here?
PEPE Potential 60% Price Increase Could Be Cut Short By This Signal Beincrypto 3 апта мурун
PEPE Potential 60% Price Increase Could Be Cut Short By This Signal
PEPE’s Fail to Break $0.000011 Resistance Could Trigger 22% Drop Beincrypto 2 апта мурун
PEPE’s Fail to Break $0.000011 Resistance Could Trigger 22% Drop
PEPE’s 30% Rally at Risk as Whales Return but Conviction Wavers Beincrypto 1 апта мурун
PEPE’s 30% Rally at Risk as Whales Return but Conviction Wavers
Pepe Price Plunges 10% As Arthur Hayes Faces Steep Memecoin Losses – What’s Next? Coingape 1 апта мурун
Pepe Price Plunges 10% As Arthur Hayes Faces Steep Memecoin Losses – What’s Next?
2 Reasons Why PEPE Long-Term Holders Might Trigger a 35% Price Drop Beincrypto 1 апта мурун
2 Reasons Why PEPE Long-Term Holders Might Trigger a 35% Price Drop
PEPE Price Stability in Doubt as Market Momentum Fades Beincrypto 1 апта мурун
PEPE Price Stability in Doubt as Market Momentum Fades
Bear Analyst Forecasts 66% Crash for PEPE Coin Price Amid Memecoin Supercycle Talks Coingape 6 күн мурун
Bear Analyst Forecasts 66% Crash for PEPE Coin Price Amid Memecoin Supercycle Talks
PEPE could be on the verge of another rally, on one condition Ambcrypto 5 күн мурун
PEPE could be on the verge of another rally, on one condition
Pepe (PEPE) Whales Stay Away While Meme Coin Struggles With Losses Beincrypto 1 ай мурун
Pepe (PEPE) Whales Stay Away While Meme Coin Struggles With Losses
PEPE’s selling pressure hike can push memecoin’s price to… Ambcrypto 2 күн мурун
PEPE’s selling pressure hike can push memecoin’s price to…
Pepe (PEPE) Reaches Peak Overvaluation, Puts Holders at Risk Beincrypto 1 ай мурун
Pepe (PEPE) Reaches Peak Overvaluation, Puts Holders at Risk
Pepe Coin Price Risks Sell-Off As Death Cross Looms Ahead of NFP Report Coingape 1 ай мурун
Pepe Coin Price Risks Sell-Off As Death Cross Looms Ahead of NFP Report
These Factors Could Derail Pepe’s (PEPE) Quest for Major Price Rebound Beincrypto 1 ай мурун
These Factors Could Derail Pepe’s (PEPE) Quest for Major Price Rebound
PEPE faces bearish winds: A look at the end-of-August sell-off Ambcrypto 1 ай мурун
PEPE faces bearish winds: A look at the end-of-August sell-off
PEPE Losing Pivotal Support: Did Bears Regain the Momentum or Is It an Opportunity to Stack More? Coinpedia 1 ай мурун
PEPE Losing Pivotal Support: Did Bears Regain the Momentum or Is It an Opportunity to Stack More?
PEPE Price Faces 24% Drawdown Over Last 10 Days Amid Low Investors’ Interest Beincrypto 1 ай мурун
PEPE Price Faces 24% Drawdown Over Last 10 Days Amid Low Investors’ Interest
PEPE Coin Faces Significant Market Movements Bitcoinhaber 1 ай мурун
PEPE Coin Faces Significant Market Movements
PEPE consolidates, but bearish signs emerge: What’s ahead? Ambcrypto 1 ай мурун
PEPE consolidates, but bearish signs emerge: What’s ahead?
PEPE’s Explosive 950% Gains Under Threat as Bears Take Over Beincrypto 1 ай мурун
PEPE’s Explosive 950% Gains Under Threat as Bears Take Over
Pepe’s double whammy: Price slips below key level as network activity slumps Ambcrypto 1 ай мурун
Pepe’s double whammy: Price slips below key level as network activity slumps
Examining the lack of a Pepe trend: Key conditions for the next big move Ambcrypto 1 ай мурун
Examining the lack of a Pepe trend: Key conditions for the next big move