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Frog-themed cryptocurrency Pepe has seen a huge dip in price, falling about 79% from its all-time high of $0.00002825 set in early December 2024. This downturn has been compounded by the emergence of a "death cross" pattern, a technical indicator that signals bearish momentum.
The crypto market is imploding, with the total market capitalization in the industry crashing from over $3.5 trillion in November to $2.58 trillion. Bitcoin and most altcoins like Shiba Inu, Pepe, XRP, and Pi Network have all retreated by double digits from their 2024 highs.
PEPE could see a bounce back in the market.
During the current crypto downtrend, memecoins have been hit hard. Although top-ranking memecoins $DOGE, $SHIB, and $PEPE, still have large market caps, are they on a trajectory to zero, or can a renewal of the bull market still send them to higher highs?
Lacking a strong support base, PEPE faces the risk of an extended breakdown.
With PEPE coin prices sinking and selling pressure intensifying, investors are questioning whether the meme coin can survive.
PEPE has continued its downward trajectory, hitting a six-month low of $0.00000670. The meme coin's sustained losses have significantly eroded investor confidence, leading even uncertain holders to pull back.
With major shifts in the crypto space, some meme coins are proving they have staying power, while others quickly fizzle out. The recent rise and fall of projects like the Trump meme coin and Argentina's Libra token have shown that market trends can be unpredictable.
Frog-themed cryptocurrency PEPE has been trending downward since reaching an all-time high of $0.00002825 in early December 2024. Taken from this high, PEPE is down nearly 75%.
Pepe Coin's price is recovering, but key resistance at $0.675 could determine its next move. Break through or rejection?
Pepe price remains in a deep bear market after plunging more than 75% from its all-time high of $0.000028. Pepe (PEPE) dropped to $0.000071, mirroring the performance of most meme coins, which have crashed over the past few days.
While meme coins like PEPE have gained attention for their rapid price swings, many investors are shifting focus toward projects with real financial utility. Mutuum Finance (MUTM) is emerging as a strong alternative, offering a structured lending ecosystem that goes beyond speculation.
Meme coin PEPE has been hovering near a crucial support level over the past few weeks, following a sustained decline that began at the start of the year. Interestingly, a crypto analyst on TradingView has highlighted this price support as a make-or-break level for PEPE, suggesting that a breakout above this zone could spark a 400% rally toward $0.0001.
The $0.000073 zone was a lower timeframe resistance zone and could present a selling opportunity upon a retest.
The incoming U.S. cross-border tariffs didn't bode well on the memecoin department, flushing down 17% of its market cap.
Critical supports that have upheld Pepe in the face of recent market headwinds are now in question, placing the meme coin at a critical juncture. The post PEPE Bulls Defend Critical Price Level – Is a Breakout or Breakdown Next? appeared first on Cryptonews.
Meme coins PEPE and Dogwifhat (WIF) have made it onto Coinbase's Coin50 Index, indicating increased market significance and investor interest.
A sharp downturn has gripped the crypto market, with an almost 10% drop in the overall market cap within the last 24 hours. Leading cryptocurrencies (Bitcoin, Ethereum, and Solana) have suffered over 10% price losses.
Two popular meme coins, Shiba Inu and Pepe Coin, have experienced a substantial drop in value, leaving many reeling. Investing in these currencies today is akin to putting your investment at risk, with minimal potential for recovery.
Digital assets traded in the red on Tuesday as Bitcoin dipped to press time levels of $83.89K. While altcoins endured significant declines amid tariffs-driven macroeconomic worries, memes seemed to suffer the most. Coingecko data shows the market cap of all meme tokens lost over 20% in the previous day to $57 billion.
After a brief rally over the weekend, top meme coin PEPE has given up all its gains, as bears take over again. According to data from CoinMarketCap, the PEPE price has added another zero and is changing hands for $0.00000692, down by 17.44% in the past 24 hours.
Mutuum Finance (MUTM) is quickly becoming one of the top performers, set to unseat leading meme coins like Pepe Coin (PEPE) and Shiba Inu (SHIB). At the time of press, Shiba Inu is trading at $0.00001413 and Pepe Coin at $0.0000074.
The PEPE coin price has erased most of the gains it made in 2024. One of the top meme coins, Pepecoin is currently trading down by over 70% from its December levels. The Pepecoin technicals are giving hope to analysts who predict a bullish divergence and a good chance for PEPE to rebound soon.
A Pepe Coin whale ignited a tidal wave of speculation on Monday by dumping a staggering 262 billion tokens despite an ongoing uptrend. On-chain data suggests that this whale thereby redirected its investments into another token, ONDO.
