PEPE soared 37% this month, but resistance is building | Credit: Hameem Sarwar
Share
Key Takeaways
PEPE’s rally has stalled at $0.000013, facing heavy sell pressure from holders at breakeven levels.
The Supertrend indicator has flipped bearish, and key support at $0.000012 is under threat.
However, if bulls regain control, PEPE’s price could reach $0.000019 or even $0.000025.
Over the past 30 days, the frog-themed meme coin PEPE has leapt 37%, but its momentum might be losing steam. The rally has stalled, and signs point to a cooling trend rather than another leg up.
With the hype fading, the big question is: What’s next for PEPE’s price? Let’s break it down.
Heavy Supply Lurks Above PEPE
PEPE’s price traded around $0.0000097 at the start of the month. After a 37% rally, it now hovers at $0.000013 — but that’s precisely where things get tricky.
According to on-chain data from IntoTheBlock, PEPE faces heavy resistance at current levels. After reviewing the In/Out of the Money Around Price (IOMAP), CCN found that many holders are sitting on unrealized losses near this zone.
Try Our Recommended Crypto Exchanges
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
Specifically, around $0.000013, 5,970 addresses hold a combined 40.28 trillion PEPE tokens — all in the red. That’s a lot of supply potentially looking to exit once breakeven hits, creating a thick resistance wall just as the memecoin tries to extend its gains.
This volume is also higher than the underlying support between $0.000011 and $0.000012. Therefore, unless bulls can absorb that overhead pressure, PEPE may struggle to push much higher in the short term.
PEPE In/Out of Money Around Price | Credit: IntoTheBlock
Despite the looming resistance, sentiment on X remains bullish. Some traders believe PEPE still has room to run — and possibly set new highs.
Pseudonymous analyst Jameson pointed to an inverse head and shoulders pattern forming on the chart, suggesting it could be the technical trigger for a breakout.
He even suggested that PEPE could flip Shiba Inu’s (SHIB) market cap if momentum holds.
Another analyst echoed the optimism, noting that as Ethereum (ETH) continues to climb, PEPE could ride the wave and push into price discovery territory..
PEPE Price Prediction: No Easy Way Out
On the 4-hour PEPE/USD chart, the red line of the Supertrend indicator has flipped above the price — a bearish signal suggesting that momentum may be shifting against the bulls.
When the Supertrend sits above price action, it acts as resistance, indicating that sellers are starting to gain control. Therefore, a deeper pullback could happen unless buyers step in soon.
Should this trend remain the same, PEPE’s price might decrease below the support at $0.000012 and move toward $0.000011.
In a highly bearish scenario, the memecoin’s value might sink toward $0.0000085. However, this trend might reverse if buying pressure increases.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
