Pepe Price Dives 32%! What’s Next?

Pepe (PEPE) memecoin has been struggling with persistent bearish momentum, recording a 32% drop in the past month. Key technical indicators and social metrics reveal increasing challenges for the once-popular token.

Price Performance and Market Status

Pepe's price has declined significantly, breaking a crucial support level at $0.0000078869. The memecoin currently trades at $0.0000068519, reflecting a 4% intraday drop, according to CoinMarketCap.

• Market Capitalization: $2.88 billion
• 24-Hour Trading Volume: $543.28 million (up by 1.61%)
• Volume-to-Market Ratio: 18.67%, showing strong liquidity

Read Pepe Price Prediction for 2025, 2026 - 2030

The memecoin’s performance over various periods has been underwhelming:

• Year-to-date: Down by 65.48%
• Past Three Months: Decreased by 68.14%
• Last Month: Slipped by 32%
• Last Week: Dropped by 16.24%

Technical Indicators Signal Bearishness

The technical chart presents a concerning outlook:

• Death Cross Formation: Highlights a bearish trend
• Key EMAs: Trading below the 50-day and 200-day EMAs
• MACD and RSI: Both indicators remain in bearish territory

According to TradingView’s technical analysis, out of 25 indicators, 14 suggest selling, 7 remain neutral, and only 4 indicate buying, underscoring a strong sell signal.

Also Read: IMX Price Prediction 2025, 2026 - 2030

Declining Social Metrics

Pepe's social metrics have also taken a hit, with reduced engagement on platforms like X (formerly Twitter), Reddit, and Telegram. The declining social volume and dominance are closely linked to its prolonged bearish performance.

Security Concerns: Official Account Hacked

Adding to the woes, the official @pepe account on X has been compromised. Analyst @pepeeth cautioned investors to ignore all links and tweets from this account until further notice.

Pepe memecoin is battling strong bearish forces, both in market performance and social sentiment. Investors should exercise caution, closely monitoring technical indicators and market trends for any potential recovery signals.