PEPE Holds Sideways Trend Amid Falling Demand in Meme Coins
📉
The frog-themed meme coin PEPE has been consolidating within a price range since July 15. This horizontal channel formation occurs due to a balance in buying and selling pressures, creating resistance at $0.000012 and support at $0.000011.
On-chain data shows a 41% drop in daily active addresses and a 43% decline in new addresses created to trade PEPE in the past seven days. Additionally, whales have reduced their exposure, and the number of large transactions involving PEPE has fallen by 51%.
Despite the falling demand, PEPE might break through its resistance level of $0.000012, influenced by the bullish sentiment indicated by its Parabolic SAR indicator. If successful, the next price target will be $0.000013. However, if bulls fail to defend support, PEPE's price could drop to $0.0000098.
Source: beincrypto.com ↗
Bài viết tương tự (93)
Will Pepe Price Outshine SHIB for Good? – This Indicator Says Yes
Pepe Price Dips 2.9% Amid $900 Million Trading Volume: What’s Next?
Is PEPE Going To Zero? Price Bottoms 5% in 24hr But This New Crypto Project Has Investors Attention
Don’t Miss This PEPE Trading Opportunity: Pepe Price Analysis
Pepe Nosedives 9.1% While New Competitor Scores $6.4 Million
PEPE Price on the Brink: Short-Term Holders Spell Doom for Recovery
Pepe Crashes 41% in a Month – Investors Flock to New $9.3 Million Challenger
Pepe Collapse Imminent? $PEPE Price Approaches Monthly Low – Here’s the Latest
Pepe Price Falls Hard as Crypto Market Tanks: Where’s the Next Support?
PEPE Price in Trouble as Whale Activity Declines – Here’s What You Need to Know
This PEPE Holder Cohort Is The Reason Price Is Struggling To Reclaim $0.00002
Pepe Price Faces Key Test In September - Is This New Meme Coin A Better Investment?
PEPE Faces Key Support Test At $0.00000589 – Will Bulls Hold The Line?
PEPE Selling Pressure Surges As Price Slips Under $0.00000766 Support
PEPE Bullish Trend Line Under Threat: $0.00000766 Level On Sight?
PEPE Open Interest Plunges 72% From ATH, Is A Recovery Imminent?
Pepe (PEPE) Losses Favor After 10.84% Price Drop Creating Influx Of Holders For Competitor Mpeppe (MPEPE)
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
What PEPE traders need to know before making the next move
PEPE’s weekend prediction – Why THIS level will dictate memecoin’s price action
PEPE Price Consolidates in a Range
PEPE Faces Key Resistance Challenges
PEPE Price Stagnation: Short-Term Holders Pose Risk to Recovery
Pepe Price Analysis: Will PEPE Survive Prevailing Bear Pressure?
Pepe Price Dips 6% As Bearish Signals Prevail: What Next For PEPE?
PEPE Coin Faces Notable Price Swings
Is Pepe Coin Price Headed to Another Correction?
Pepe Coin Price Prediction: 21% Potential Drop Threatens $135M in Tokens
PEPE Falls 40% as Holders Reallocate Funds into Low Cap Altcoin Pepe Unchained for Greater ROI in Market Crash
Pepe Coin Faces Bearish Trend
As PEPE tests key support level, is a major rally on the way?
Pepe (PEPE) Whales Stay Away While Meme Coin Struggles With Losses
How PEPE traders can profit from this near-term volatility
Can PEPE bulls turn the tide? Important levels to watch out for
Pepe Coin Price Stagnates Amid Cautious Market: Realized Profit/Loss Hits ATH
Investors Track PEPE Coin Movements
Investors Anticipate PEPE Coin Decline
PEPE Price at Risk as Whales Begin to Retreat
15% PEPE Coin Price Rally Under Threat From Futures Traders
Indicators Point to PEPE Coin Drop
PEPE’s Quick Bounce to $0.000010 Unrealistic, Key Indicators Reveal
PEPE Price Faces Challenges as Whale Activity Drops, Breakout in Doubt
Pepe (PEPE) Reaches Peak Overvaluation, Puts Holders at Risk
Here’s what PEPE’s bulls will expect from its price action next week
PEPE Coin Price Approaches Breakout
Change in Pepe (PEPE) Holders Behavior Raises Red Flag for the Price
PEPE nears key level: What does a 13% increase mean for holders?
PEPE Price Poised for Gains as Short-Term Holdings Hit Lowest Point
Pepe Coin Price Risks Losing Major Support As Key Indicator Drops to Weekly Low
Memecoin PEPE Faces Potential Plunge
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
Pepe (PEPE) Braces for 28% Drop as Bearish Trend Intensifies
PEPE faces bearish winds: A look at the end-of-August sell-off
PEPE Price Faces 24% Drawdown Over Last 10 Days Amid Low Investors’ Interest
PEPE Coin Faces Significant Market Movements
Pepe’s double whammy: Price slips below key level as network activity slumps
Analyzing PEPE’s 23% price fall – Time to take advantage of ‘fear?’
PEPE price prediction: Another 20% drop likely in August?
Pepe (PEPE) Could See Further 30% Decline, Here’s Why
PEPE Sees 18% Price Spike in 24 Hours, But It Might Not Hold
Market Indicators Suggest PEPE Coin May Face Price Decline
PEPE Faces Potential Further Decline
Investors Drive PEPE Price Recovery
PEPE Price Consolidates Within a Horizontal Channel
Investors Monitor PEPE Coin Amid Market Fluctuations
PEPE Coin Experiences Significant Price Fluctuations
Pepe Coin Faces Potential Price Decline Amid Market Activity
Pepe Coin Faces Market Challenges
PEPE Struggles to Overcome Key Resistance Level
Cryptocurrency Investors Face Continued Challenges
PEPE Investors Drive Price Recovery
Investors See Profits in PEPE Coin
PEPE’s Bearish Trend Persists Below EMAs, but Volatility Sparks Market Opportunities
PEPE Coin Faces Sharp Decline After Initial Surge – Investors Seek Next Move
PEPE Eyes Key Fibonacci Level as Bears Dominate; Potential Rally to $0.000014 on the Horizon
PEPE Price Forecast: Potential 21% Correction Before Bullish Rebound
PEPE Coin Price Poised for Major Rally Despite Current Downtrend, Analyst Predicts
Pepe Coin Faces Bearish Trend as Open Interest Drops Despite Holder Profits
PEPE Coin Faces Price Decline as Whale Activities Diminish and Investor Confidence Wanes
PEPE Tests Key Support Levels Amid Active Trading and Market Volatility: Insights and Future Projections
PEPE Coin Leads Sharp Decline in Meme Coins: Key Factors Revealed
PEPE Price Drops 18.2% in 3 Days, Nears Critical Support Level
PEPE Price Analysis: Bears Prevail as Coin Drops to Critical $0.000008 Support Level
Pepe Coin Price Faces Continued Downside Amid High Correlation with ETH Movement
PEPE Faces Critical Resistance at $0.00009 Amid Market Recovery
PEPE Coin Price Analysis: Potential for Major Breakout or Further Decline?
PEPE Token Prediction: Potential Short Squeeze Could Ignite Bullish Reversal
Pepe Coin Faces Critical Support Test Amid Market Downtrend: Key Levels to Watch
PEPE Coin Eyes Bullish Reversal: 77% Addresses in Profit Suggest Major Breakout Potential
PEPE Faces Extreme Selling Pressure Amid Market Bearishness, Yet Long-Term Holders and Fear Index Signal Possible Rebound
PEPE Price Consolidation Mirrors Past Movements, Signaling Potential 100% Rally
