The price of PEPE is currently at $0.0000096, showing a decline over the past day and week. The cryptocurrency is trading near the bottom of a Symmetrical Triangle pattern, a level that has typically provided support. However, increasing pressure from sellers suggests a potential breakdown. According to one analysis, if the price drops below this support, it could fall to the $0.0000085 to $0.0000080 range.
Market data reflects this bearish sentiment. PEPE's trading volume has decreased by 15%, and open interest is down by 4%, indicating reduced market participation. Recently, long positions have been hit hardest by liquidations, with over $326,000 in long trades closed out, compared to just $9,900 in short positions. This suggests that traders betting on a price increase have been losing, while those betting on a decrease have been largely unaffected.
On-chain activity for PEPE has also been trending downward since late 2024. The number of daily active addresses has fallen significantly, from a peak of nearly 27,500 to just 2,599 as of August 3. This decline in user activity, along with falling price and trading volume, contributes to a cautious outlook for the token. For a reversal, PEPE would need to break above the $0.0000115 level.
September 2025, Cryptoniteuae