Pepe
According to Coindesk Research’s technical analysis model, one of the most outstanding meme coins is working to keep investors’ interest, down 4.7% in the past 24 hours to $0.000009499.
As for the wider adult industry, Coindesk Memecoin Index It has dropped by 3.87% in the past 24 hours.
The sharp decline in the token marks a continuation of its recent downward trend, which has been characterized by strong volatility and a large amount of intraday sales.
Once a retail baby, viral motivation, and even looks like Nod from Elon Musk Back on April 9, Pepe began to be affected by the market as his attention shifted to Bitcoin. Musk briefly adopted a cross-sectional image with Pepe as the theme on the same day, a move that caused waves in the meme coin space. Despite this, the hype has disappeared to a large extent.
This recession is part of a broader shift in the entire cryptocurrency market where Bitcoin’s dominance has now climbed to over 65%, a level not seen in more than two years. Trends show that investors are increasingly favouring BTC, rather than smaller AltCoins, especially during periods of uncertainty and low risk. High beta assets like Pepe are keenly feeling this shift.
Despite the short-term rebound, Pepe is under pressure and faces resistance close to $0.00001013. Its failure to maintain the rally reflects a wider rotation from meme coins, and its future performance may depend on whether market sentiment returns to riskier assets or anchors in units of large names.
Technical analysis highlights
- Pepe-usd traded in the 16.1% range, down from $0.00001017 to $0.0000940 for UTC from June 25 to June 25 to June 26.
- Between June 25 and 16:00 UTC, strong resistance is $0.00001013.
- A short-term support zone is $0.00000946–$0.00000950, and prices recurred on June 25 and early June 26.
- In the last 60 minutes of the analysis window, from 07:07 to 08:06 UTC, the price was transferred from $0.00000959 to $0.00000955.
- June 26 07:17 UTC’s peak of 91.9 trillion units coincides with a brief 3.1% rally.
- Prices fell 0.9% in the last few minutes before the closure, reflecting short-term profits.
Disclaimer: Part of this article was generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and compliance Our standards. For more information, see Coindesk’s complete AI policy.
