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PEPE May Crash Another 20% if This Support Breaks

PEPE price chart

TL;DR

  • PEPE’s worth hovers close to triangle assist with weak quantity and declining purchaser energy.
  • Long liquidations surged whereas shorts stayed low, signaling robust bearish management in current buying and selling.
  • On-chain exercise continues falling, with lively addresses beneath 5,000 all through 2025.

Price Holds at Key Support Level

PEPE was priced at $0.0000096 on the time of writing, down 1% up to now 24 hours and 6% during the last seven days. On a day by day chart, the asset sits close to the decrease border of a Symmetrical Triangle. This area has acted as assist, though current motion suggests rising strain from the higher facet of the vary.

Notably, the market has proven a sample of decrease highs, which indicators ongoing selling pressure. Buyers have managed to carry the assist up to now, however the present construction leaves little room. According to a put up by Alpha Crypto Signal,

“If this breakdown confirms, $PEPE can slide towards the 0.0000085 – 0.0000080 zone subsequent.”

Trading Volume and Liquidation Trends

Data exhibits a 15% lower in buying and selling quantity, now at $980 million. Open curiosity can also be down by 4%, sitting at $535 million. These drops recommend fewer lively positions out there, typically an indication of diminished participation earlier than a bigger transfer.

On the liquidation facet, lengthy positions have taken the brunt of current strikes. Long liquidations totaled over $326K, whereas shorts accounted for under $9,900. OKX was the change with the best lengthy liquidations at $288,300.

PEPE price chart
Source: Coingass

Other platforms like HTX, CoinEx, and Gate registered smaller numbers. The imbalance factors to the truth that patrons had been shedding on trades, whereas sellers had been seemingly unaffected.

On-Chain Activity Continues to Decline

As of August 3, PEPE recorded 2,599 lively addresses, persevering with a broader downward pattern in such exercise that started in late 2024.

Daily lively addresses reached a high of practically 27,500 in November 2024 throughout a worth rally. Since then, each the tackle rely and worth have dropped. Throughout 2025, lively wallets have remained beneath the zone of 5,000, primarily witnessing a decline in consumer exercise on the community.

glassnode-studio_pepe-number-of-active-addresses
Source: Glassnode

Meanwhile, the symmetrical triangle sample comes near testing. The subsequent space to look at will likely be round $0.0000085 and $0.0000080 if the worth breaks by means of the assist line at $0.0000095, adopted by robust quantity. A recovery above $0.0000115 is required to vary the present setup.

Until then, buying and selling quantity, liquidation information, and on-chain utilization proceed to advertise a cautious outlook for the token.

The put up PEPE May Crash Another 20% if This Support Breaks appeared first on CryptoPotato.

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