Pepe Coin Dips 16.91% in Week but Holds Key Support at $0.000010

Pepe Coin (PEPE) has experienced a sharp decline in recent weeks, drawing the attention of both traders and analysts. Over the past month, PEPE dropped nearly 16.91% within a single week, catching many off guard, but has since posted a modest 1.74% rebound [2]. The price has recently found support at $0.000010, and analysts are watching closely to see if this level can hold through the weekend. If it does, some predict a potential move back toward the $0.000012–$0.000013 range [1]. However, the broader market remains under pressure, with Ethereum and PEPE both falling by over 3% in the last 24 hours amid Bitcoin's drop below $113,000 [3].

The token has closed lower for five consecutive sessions, marking its longest losing streak in months. This has pushed it beneath the 200-day Exponential Moving Average, a key indicator for long-term momentum. The Relative Strength Index has slipped from an overbought level of 70 in late July to 37, approaching oversold conditions. Technical patterns suggest Pepe Coin may soon retest an ascending trendline that has held since March 2023. In previous instances, price rebounds from this level have been significant, including a 71% rise in June last year and a 166% rally in April this year [1].

On-chain data indicates that large holders have been increasing their positions. Whale holdings have risen by 10% in the past month to 8.63 trillion tokens. This accumulation trend has diverged from the declining price, suggesting confidence among major investors. Futures market data shows that Pepe Coin’s funding rate has remained in positive territory since July 29. A positive rate indicates that traders expect higher prices ahead, reflecting a bullish stance in derivatives markets [1]. Data from late June reveals consistent outflows of Pepe tokens from exchanges, a trend often signaling that investors are moving holdings into private wallets, reducing the immediate supply available for trading.

Despite the recent weakness, some optimistic forecasts are emerging. Short-term predictions suggest the price of PEPE could reach as high as $0.00002480 by 2030, according to analysts [4]. Daily price expectations for August 3 and 4, 2025, also show slight fluctuations around $0.00004683–$0.00004684, indicating that the market is still in a consolidation phase [5]. Meanwhile, broader market dynamics continue to influence PEPE's performance, with mixed signals from short-term indicators suggesting potential selling pressure [7].

The recent volatility mirrors historical patterns seen with tokens like SHIB, where sharp dips have often led to renewed altcoin activity and speculative interest [8]. However, the market is not without caution. For example, Cardano (ADA) has shown similar bearish signals, with analysts warning of potential pullbacks following recent rallies [9]. This suggests that while some tokens may find new buyers in a downturn, the overall market remains in a period of uncertainty.

The coming weeks will be crucial for PEPE. If it can break above the $0.000012 level and maintain it, this could signal a broader rebound in August. However, a breakdown below $0.000010 could reinforce the bearish trend and lead to further declines. Traders are advised to monitor these key levels closely, as they could serve as turning points for the asset.

Source:

[1] title1.............................(https://cryptofrontnews.com/pepe-coin-faces-sharp-decline-but-indicators-signal-possible-august-rebound/)

[2] title2.............................(https://bravenewcoin.com/insights/pepe-pepe-price-prediction-pepe-finds-support-at-0-000010-is-this-the-launchpad-for-a-new-rally-for-pepe-coin-holders)

[3] title3.............................(https://www.mitrade.com/au/insights/news/live-news/article-3-1007937-20250803)

[4] title4.............................(https://finance.yahoo.com/news/pepe-price-prediction-where-pepe-081330834.html)

[5] title5.............................(https://www.bitget.com/price/pepe-coin/price-prediction)

[7] title7.............................(https://cryptodaily.co.uk/news-in-crypto/bitzo:rebound-or-fall-litecoin-uniswap-faces-crucial-crossroads-future-value-goals-for-ltc-and-uni)

[8] title8.............................(https://m.fastbull.com/news-detail/crypto-selloff-intensifies-how-low-could-the-market-4338097_0)

[9] title9.............................(https://captainaltcoin.com/ada-price-rally-in-danger-cardano-flashes-sell-signal-as-analyst-warns-of-sharp-drop/)