{"id":11948,"date":"2025-09-28T12:08:39","date_gmt":"2025-09-28T12:08:39","guid":{"rendered":"https:\/\/bitunikey.com\/news\/pepe-coin-price-in-a-pinch-descending-triangle-points-to-deeper-crash\/"},"modified":"2025-09-28T12:08:43","modified_gmt":"2025-09-28T12:08:43","slug":"pepe-coin-price-in-a-pinch-descending-triangle-points-to-deeper-crash","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/pepe-coin-price-in-a-pinch-descending-triangle-points-to-deeper-crash\/","title":{"rendered":"Pepe Coin price in a pinch: Descending triangle points to deeper crash"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The Pepe Coin price has crashed to a critical support level, indicating a potential for a steeper decline after forming a descending triangle, and whales initiate a selling spree.<\/p>\n<div id=\"cn-block-summary-block_9590e0d88c75bdcc03e9ef8249dcdeca\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Pepe Coin price has formed a descending triangle pattern on the daily chart.<\/li>\n<li>On-chain data shows that whales have continued selling Pepe tokens.<\/li>\n<li>Similarly, smart money investors are selling, while the supply in exchanges has jumped.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Pepe Coin price has formed a risky pattern<\/h2>\n<p>Pepe (PEPE), the second-biggest meme coin on Ethereum (ETH), plunged to a low of $0.000009155. That\u2019s its lowest level since June 22 this year. <\/p>\n<p>The meme coin plunged by over 45% from its highest point this year and by 68% from its 2024 highs.<\/p>\n<p>The daily timeframe shows that the Pepe price dropped to a low of $0.000009017. This is a significant level, as it coincides with the lowest levels in June and September.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>A closer examination of this chart reveals that the coin\u2019s pattern consists of a horizontal support and a descending trendline that connects the highest swings since May 22.<\/p>\n<p>The profit target in a descending triangle pattern is established by first measuring the distance of the widest part and then the same distance from the triangle\u2019s lower line.\u00a0<\/p>\n<p>In this case, the distance is 45%, bringing the target price into $0.000004767. A crash to this level will be confirmed if it drops below the key support at $0.0000052.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Pepe price chart | Source: crypto.news<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Whales are dumping Pepe tokens<\/h2>\n<p>On-chain data show that whale investors have continued to dump Pepe tokens this year. According to Nansen, whales now hold about 6.55 trillion tokens, their lowest holdings in months.\u00a0<\/p>\n<p>They held over 7.6 trillion tokens on the same day in August this year. Similarly, smart money investors, who have a reputation for making profitable trades, have dumped their positions to 1.66 trillion.\u00a0<\/p>\n<p>The ongoing dumping by these investors is having an impact on the exchange supply. There are now 253 trillion Pepe coins in exchanges, up from 252.4 trillion earlier this month. A jump in exchange supply is a signal that investors have given up on Pepe and are selling it.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Pepe Coin price has crashed to a critical support level, indicating a potential for a steeper decline after forming a descending triangle, and whales initiate a selling spree. Summary&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11948"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11948\/revisions"}],"predecessor-version":[{"id":11950,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11948\/revisions\/11950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11949"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}