Whales Bet Big as PEPE's Survival Hinges on One Critical Price Level

PEPE, the meme coin inspired by the iconic Pepe the Frog internet meme, faces mounting pressure as technical indicators suggest weakening support. Currently trading at around $0.00001055, the token has seen mixed whale behavior, with some large holders exiting positions while others accumulate amid high volatility. A recent event saw a whale send 600 billion PEPE to Binance at a multi-million-dollar loss—a sign of capitulation often preceding sharp but short-lived price recoveries [1].

The token has been consolidating within a symmetrical triangle pattern, with support at $0.00001115 and resistance at $0.00002824. Stochastic RSI stands at 57.69, indicating neutral momentum, while tight Bollinger Bands suggest low volatility. Derivatives data reveals $1.5 million in liquidations over the past 24 hours, with long positions losing $1.32 million, further signaling bearish pressure [4].

Analysts are closely watching whether PEPE can hold above the critical $0.0000096 support level. A breakdown could trigger a sharp decline toward $0.0000036, while a successful defense might open the door to a parabolic rally toward $0.000088842—a move representing an 898% increase from current levels [5]. On-chain activity also reflects the coin’s fragility, as whales rotate capital into alternative tokens with clearer utility, including Remittix (RTX) and emerging frog-themed projects like Pepe Node and Wall Street Pepe (WEPE) [1].

Market data shows PEPE’s trading volume has dipped significantly, with 24-hour activity falling below $450 million—a 33.85% drop compared to the previous 24 hours. This decline, coupled with a market capitalization of $4.11 billion, highlights the token’s waning appeal as investors shift toward projects offering tangible use cases. For instance, Pepe Node has raised over $562,000 in its presale phase, offering passive staking rewards of up to 3,000% over two years and a deflationary model that burns 70% of upgrade tokens [2].

Meanwhile, Wall Street Pepe (WEPE) is gaining traction after migrating to Solana and burning 2 billion tokens—more than 1% of its total supply—during the transition. The project also introduced a 5,000-piece NFT collection, which has sparked renewed interest in the token and its broader ecosystem [2]. These developments underscore a broader trend within the meme coin space: investors are increasingly prioritizing utility and real-world integration over pure speculation.

Despite short-term volatility, some bullish momentum has emerged. In the past week, PEPE has seen a 15.31% increase in trading volume, with the token briefly climbing to $0.00000978—a 5.39% gain in a 24-hour period. The rally, however, appears to be more of a reaction to immediate support rather than a sign of sustained demand. Traders are now closely watching key resistance levels at $0.000012 and $0.000018, with a successful breakout potentially unlocking new capital flows and renewed speculative interest [4].

As the token navigates a delicate balance between bullish and bearish forces, the broader meme coin market remains in flux. While PEPE continues to hold its third-place position in market cap behind Dogecoin and Shiba Inu, the rise of new projects with more defined utility is reshaping investor expectations. If the token fails to secure key support levels in the coming weeks, it could face further downward pressure in a sector increasingly dominated by projects offering more concrete value propositions [5].

Source:

[1] title1 (https://stocktwits.com/symbol/PEPE.X)

[2] title2 (https://icobench.com/news/pepe-coin-price-prediction-pepe-outlook-weakens/)

[3] title3 (https://www.coinbase.com/en-br/price/pepe)

[4] title4 (https://thetradable.com/crypto/pepe-price-surges-5-as-meme-coin-trading-volume-explodes-on-binance-cm--v)

[5] title5 (https://bravenewcoin.com/insights/pepe-pepe-price-prediction-pepe-finds-support-at-0-0000096-could-this-spark-a-new-rally-for-holders)