- PEPE dropped 70%, erasing all recent gains and testing key support.
- Holding above $0.0000080 could trigger a rebound toward $0.000012.
- Social Volume and sentiment must improve for a strong recovery.
Pepe Coin—PEPE, has taken a heavy hit. A brutal 70% drop erased all gains from the “Trump pump.” Fear has spread, but some big players see an opportunity. A whale just grabbed 280 billion PEPE tokens, pushing holdings to $13.2 million. Could this signal a reversal, or will sellers drag prices lower? The next few days will decide PEPE’s fate.
Key Levels to Watch
On the 3-day chart, the price of PEPE is sitting at a crucial support zone. This level fueled a rally in November and acted as resistance in March. Staying above $0.0000080 could mark a turning point. A bounce from this area might send PEPE toward the 100-day EMA at $0.000012. Momentum indicators are flashing mixed signals.
The Chaikin Money Flow (CMF) shows better capital inflows but remains weak. The RSI hovers near oversold levels but has not confirmed a reversal. A drop below support could bring more losses. The next key level sits under $0.000006, where further declines could shake market confidence.
Market Sentiment and On-Chain Data
PEPE’s Social Volume has fallen since December, showing lower engagement across online platforms. Without renewed attention, a strong recovery may struggle to take off. Weighted Sentiment remains negative but shows signs of improvement.
A shift toward positive sentiment, combined with rising Social Volume, could boost PEPE’s price.Bulls need to defend the November support to prevent another drop. A surge in buying pressure could push PEPE past $0.000012, opening the door for a stronger recovery.
Memecoin traders now face a crucial moment. A breakout could ignite a rally, but failure to hold support might lead to another sharp drop. The next move will decide PEPE’s short-term future.
