TL;DR<\/b><\/p>\n Meme-inspired cryptocurrency PEPE fell nearly 9% in the past 24 hours. The token was trading at $0.00001 at press time, with a 24-hour volume of $817,709,519. Over the past week, PEPE is down 13% as strong selling and liquidations pressure the market.<\/span><\/p>\n Crypto analyst Ali Martinez stated that PEPE must reclaim $0.0000118 as support to avoid a fall toward $0.0000097. The token is currently around $0.00001126, slightly under that level. If it fails to recover, the next supports sit near $0.0000108, $0.0000105, and $0.0000097.<\/span><\/p>\n $PEPE<\/a> needs to reclaim $0.0000118 as support to avoid a potential drop to $0.0000097! pic.twitter.com\/zLshQB3irL<\/a><\/p>\n \u2014 Ali (@ali_charts) August 1, 2025<\/a><\/p>\n<\/blockquote>\n On the 4-hour chart, Bollinger Bands are widening as <\/span>PEPE<\/span><\/a> trades near the lower band. This setup reflects strong selling pressure and increased volatility. The token is below the middle SMA line, keeping the short-term trend negative.<\/span><\/p>\n Meanwhile, the Relative Strength Index (RSI) is near 27, placing the token in the oversold area. Such readings often point to strong selling momentum and the chance of a short-term bounce. A sustained move above 30 on the RSI would suggest that buyers are stepping in.<\/span><\/p>\n Analyst Token Talk <\/span>noted<\/span><\/a> that PEPE is moving inside a symmetrical triangle on the daily chart. The price action is testing the $0.0000108 \u2013 $0.0000115 support zone, and a breakout above the triangle could aim for $0.0000130 \u2013 $0.0000145.<\/span><\/p>\n The market has been printing lower highs and facing repeated selling. If PEPE stays below $0.0000118, the downtrend could extend toward $0.0000097, which is the next major support area.<\/span><\/p>\n Nansen data shows whale holdings at 305.52T, up 3%, while exchange balances are 250.62T, down 2%.\u00a0<\/span><\/p>\n Whales are increasing their positions as fewer tokens are available on exchanges. This takes out some near-term selling pressure, but the market remains short-term weak.<\/span><\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
PEPE Price Drops Amid Heavy Trading<\/b><\/h2>\n
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Market Pattern Shows Lower Highs<\/b><\/h2>\n
Whale Activity and Exchange Balances<\/b><\/h2>\n
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