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The market intelligence platform IntoTheBlock has revealed how Pepe & other memecoins are currently going through a decline in on-chain activity.

Pepe coin has entered a bear market this year after plunging 65% from its all-time high. Pepe (PEPE), the second-biggest Ethereum (ETH) meme coin after Shiba Inu (SHIB), has plunged to the key support at $0.000010.

Glauber Contessoto, popularly known as SlumDOGE Millionaire , advocated buying ‘conviction plays' like frog-themed Pepe (CRYPTO: PEPE) on Thursday, amid a broader slump in the meme coin market. What Happened: SlumDOGE Millionaire encouraged his X followers to seize the opportunity presented by the ongoing correction to invest in meme coins “like there's no tomorrow.

The PEPE price is currently trading within a Falling Wedge pattern, a historically bullish indicator that suggests an imminent breakout. A crypto analyst predicts that a decisive move above key resistance levels could trigger a 150% rally towards new all-time highs for PEPE.

Data shows the Dogecoin Open Interest has seen a large drop recently. Here's how the trend has compared for Shiba Inu and other memecoins.

The Pepe price has been navigating extreme volatility throughout February, but recent whale activity may be hinting toward a bottom. The post PEPE Trading Volume Explodes 164% – Are Whales Preparing for $1 PEPE? appeared first on Cryptonews.

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.

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.

Meme coin PEPE is showing signs of bullishness in a market currently filled with uncertainty. This bullish sign is reflected through PEPE's projected breakout of the 800 EMA, which is a sign of bullish reversal.

PEPE's buy signal faces resistance, with declining activity threatening the sustainability of any potential rally.

Pepe (PEPE) has gained 0.8% in the past 24 hours, and while its recent performance has been underwhelming, a key bullish pattern in its 4-hour chart suggests a potential price surge.An inverse head-and-shoulders formation has taken shape in recent days—a classic reversal setup where a lower low is followed by a higher low.

For a good reason, crypto enthusiasts love meme currencies. With their rapid rallies, Pepe Coin (PEPE) and Shiba Inu (SHIB) have made news turning little investments into life-changing rewards. Though many tokens flourish on buzz and community support, they lack the foundations for sustained development.

Pepe coin (PEPE) hovers at a crucial support level after plunging by over 65% from its all-time high. Its crash has mirrored the performance of most meme coins, including big names like Dogecoin and Shiba Inu.

Pepe Coin is showing signs of a potential rebound, after a month-long downtrend and a week-long consolidation with intermittent spikes.

Memecoins have taken a fearful beating over the last couple of months. Some are down as much as 85% and more.

The total market capitalization of the meme coin niche tanked to approximately $75 billion.

PEPE coin has formed a bullish inverse head and shoulders pattern suggesting a potential 23% price increase to $0.000012, despite showing declining network activity metrics and mixed signals from whale holders.

PEPE memecoin may be at an interesting juncture right now on the price charts.

The price of Pepe (PEPE) has been in a sharp downtrend since the end of last year, with the post-election rally steadily losing momentum. It now trades 65% below its December 9 all-time high. Intense sell-side pressure recently pushed PEPE to its lowest level since November 7.

Frog-themed meme coin PEPE has made a significant price move, successfully erasing a zero from its value amid the recent market recovery. This surge comes as the broader crypto market rebounds, pushing several meme coins higher.

Pepe, the second-biggest Ethereum meme coin, has stabilized this week, as sentiment in the crypto industry improved. Pepe (PEPE) price rose to a high of $0.00001035 on Tuesday, up by 30% from its lowest level this month.

Pepe Coin price shows signs of recovery after a bearish week, raising speculation about a potential move to $0.000017. The market has seen renewed optimism, with Bitcoin (BTC) approaching $100,000.

Many altcoins are struggling as the fear and greed index remains in the fear zone and the closely watched altcoin season index stays on the sidelines. Most cryptos are down by over 50% from their highest levels this year, making them bargains compared to where they were a few weeks or months ago.

PEPE Coin eyes a breakout as meme coin sentiment surges. Key resistance at $0.00000113 could spark a rally.

The recent downturn that has swept across the entire crypto market has pushed meme coin PEPE into oversold territory, according to the Relative Strength Index indicator. Notably, this is only the third time PEPE has reached the oversold levels in its history, particularly on the daily candlestick timeframe.