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Pepe (PEPE) price, the frog-themed memecoin, has seen a sharp decline, losing 40% of its value over the past month. After briefly touching $0.000028, the token struggled to maintain momentum and is now facing further downside risks.
The crypto market is having a hard time gaining positive movement, and meme coins are particularly suffering. This has caused the price of PEPE to stabilize within a bearish region for an extended period. Also, on-chain metrics indicate a possible 20% drop in value because buyers couldn't overcome resistance levels.
According to on-chain analytics platform Glassnode, frog-themed cryptocurrency PEPE has seen a major deleveraging as Futures Open Interest across the meme coin sector has dropped significantly since their peaks.
Open interest in meme coin futures has significantly decreased as prices have dropped, sparking a debate about the sector's future. What Happened: In a post on X on Feb 19, Glassnode data shows the decrease, with Dogecoin (CRYPTO: DOGE) open interest down by 58.45%, falling from $3.58 billion on Dec. 9, 2024 to $1.49 billion recently.
The meme coins have noted massive volatile trading lately amid a broader crypto market downturn. Notably, top players in the segment like DOGE, PEPE, SHIB, FLOKI, and others have also gone through a topsy-turvy lately, sparking market concerns.
PEPE's breakout hinges on overcoming resistance, with a surge forecasted if key levels hold.
The market condition has once again turned bearish, pushing several crypto prices down, including PEPE price. However, investors might as well consider these top cryptos in order to earn profits in the days to follow.
Most altcoins have crashed by double digits in the past few weeks. Solana, Bonk, Pepe, and Raydium prices have plunged by double digits, meaning that they have moved into a deep bear market. So, let's explore why these altcoins have plunged and what to expect in the near term.
The volatility surrounding PEPE's price makes its next move crucial - will it solidify its support?
Pepe ($PEPE) briefly surged 5% in the early hours today, climbing from $0.00000976 to $0.00001028, making it one of the most volatile meme coins in the market.However, these gains were short-lived as a market-wide downturn quickly erased the rally, dragging the $4 billion asset back down.
The crypto market is showing mixed signals, causing some altcoins to climb while others experience declines. However, certain altcoins are catching investors' attention due to recent developments surrounding the tokens.
INX trading platform lists Dogecoin ($DOGE) and Pepe ($PEPE) as memecoin frenzy across crypto surges. This follows previous listings of the Trumpcoin ($TRUMP) and Melania ($MELANIA).
Technical analysis suggests PEPE has entered an accumulation phase with potential for a 54% rally, supported by strong on-chain metrics and increasing institutional buying activity, though bears maintain presence in derivatives markets.
A closely followed crypto strategist thinks that payments altcoin XRP is gearing up for a burst to the upside as it prints a bullish continuation pattern.
PEPE shows signs of recovery as accumulation rises, signaling a potential breakout toward key resistance levels.
Pepe, the third-largest meme coin in crypto, wavered over the last two weeks as its recent downtrend lost momentum. Pepe (PEPE) has held at the key support level of $0.000010, down 65% from its December high.
Pepecoin is joining MEXC and WEEX, with trading set to begin on Feb. 17. Pepecoin (PEP) is officially joining MEXC, with trading available from Feb. 17.
The overall demand for Pepe has remained relatively low in the recent past amid heightened rug pulls orchestrated by memecoins backed by celebrities.
Pepe coin price has suffered a harsh reversal in the past few months, erasing some of the gains made earlier this year when it surged to a record high. It has crashed from an all-time high of $0.00002827 in January to $0.00001. These are the top three reasons why the Pepe price may surge soon.
PEPE stands at a crucial price level. Resistance, volatility, and holder activity will determine its next move.
Wall Street Pepe Completes Presale, Prepares for Exchange Listings
The $80.3 billion meme coin market is bouncing back, with top tokens experiencing a significant surge. In line with the broader trend, the Pepe Coin price is trending upward and is poised to hit a new all-time high in the near term.
With thousands of distributed apps, NFT initiatives, and DeFi ecosystems, Ethereum(ETH) has remained the pillar of the crypto scene. However, as its price trend points towards a possible jump to $12,000, investors are searching for ways to maximize their gains beyond simply owning Ethereum.
Today, February 14, 2025, the overall cryptocurrency market seems to be recovering, including Bitcoin (BTC) and Ethereum (ETH), which are currently influencing other major cryptocurrencies.
