Pepe
One of the most prominent meme coins, struggling to have investor interest and falls 4.7% over the last 24 hours to $ 0.000009499, according to Coindesk Research’s technical analysis model.
As for the wider Memecoin sector, the Coindesk Memecoin index has dropped 3.87% in the last 24-hour period.
The sharp decline of the token marks a continuation of its recent downward trend, which has been characterized by intense volatility and heavy intraday sales.
When a retail lover with viral momentum and even a short Nikk from Elon Musk back on April 9, Pepe has since slipped into the market’s influence as attention changes back to Bitcoin. Musk had briefly adopted a Pepe theme profile picture that day, a trait that sent waves through the meme coin room. Still, hype is largely faded.
This downturn is part of a wider shift across crypto markets, where Bitcoin’s dominance has now risen over 65%, a level that has not been seen in over two years. The trend suggests to grow investor preference for BTC rather than smaller altcoins, especially during periods of uncertainty and falling risk appetite. This shift feels urgent of high beta assets like Pepe.
Despite short price tasks, Pepe remains under pressure, which is the resistance near $ 0.00001013. Its failure to maintain events reflects wider rotation away from meme coins, and its future performance may be related to whether the market mood returns to more risky assets or remains anchored in large captain names.
Technical analysis highlights
- PEPE-USD traded within an area of 16.1%that fell from $ 0.00001017 to $ 0.00000940 between June 25, 09:00 and 26 June 08:00 UTC.
- Strong resistance formed to $ 0.00001013 during heavy sales between June 25, 14:00 and 16:00 UTC.
- A short -term support zone evolved to $ 0.00000946- $ 0.00000950, with the price repeatedly jumped on moderate volumes throughout the end of June 25 and early 26. June.
- During the last 60 minutes of the analysis window from June 26, 07:07 to 08:06 UTC moved Price from $ 0.00000959 to $ 0.00000955.
- A spikes of 91.9 trillion units at. 07:17 ATC on June 26 coincided with a short 3.1% rally.
- Prices slipped 0.9% in the last minutes before close, reflecting short -term profits.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
