Pepe fell more than 5% in the last 24-hour period and fell from a session high near $ 0.000014167 to a low level of $ 0.000012915 before seeing a slight improvement.
Trade volume reached 13.02 trillion tokens one hour during sales, more than four times the session’s average of 3.2 trillion, according to Coindesk Research’s technical analysis data model.
Despite sales, several market indicators suggest a deeper investor interest. Google search queries for Pepe jumped on July 22 and peaked shortly before the crash, according to Google Trends.
Meanwhile, Whale Wallet Holdings grew at Ethereum, measured at the 100 best addresses, by 3.2% over the past 30 days. Pepe -Tokens on exchanges fell by 2.5% in the same period, according to Nansen -Data, suggesting that there is less available supply.
At the end of the session, Pepe had itching some of its losses back and stabilized about $ 0.0000131. Recovery volume remained elevated, on average between 300 and 400 billion tokens per hour, showing renewed buying interests in the wake of the feature.
Overview of Technical Analysis
Price action during the session was defined by sharp swings and clear levels of resistance and support. Pepe consistently could not break through the $ 0.000014150 series and form a ceiling that turned buyers away several times.
On the downside, $ 0.000013 marked as a floor where prices repeatedly jumped back.
The most intense sale came as a hourly volume spiking, which suggested forced outputs and large -scale profits. But at session closed, stable purchase side activity, an average of 300 to 400 billion tokens per hour, suggested to a potential rebound.
While the rally lost the steam, the underlying trading behavior reflects a pattern known in memCoin markets: hype-driven waves followed by sharp corrections where long-lasting holders seized volatility as an entrance point.
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.
