{"id":12186,"date":"2025-09-30T19:14:12","date_gmt":"2025-09-30T19:14:12","guid":{"rendered":"https:\/\/bitunikey.com\/news\/pepe-coin-price-forms-a-risky-pattern-as-whale-selling-intensifies\/"},"modified":"2025-09-30T19:14:20","modified_gmt":"2025-09-30T19:14:20","slug":"pepe-coin-price-forms-a-risky-pattern-as-whale-selling-intensifies","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/pepe-coin-price-forms-a-risky-pattern-as-whale-selling-intensifies\/","title":{"rendered":"Pepe Coin price forms a risky pattern as whale selling intensifies"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Pepe Coin\u2019s price remains under pressure this week and is at risk of further downside after the token formed a descending triangle pattern and as selling intensifies.<\/p>\n<div id=\"cn-block-summary-block_b2ee69d93bc7bab3512cefa8927f1726\" 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 giant descending triangle pattern on the daily chart.<\/li>\n<li>Whale and smart money investors have continued selling the coin.<\/li>\n<li>The futures open interest has plunged to a multi-month low.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Pepe (PEPE), the third-biggest meme coin after Dogecoin and Shiba Inu, fell to a low of $0.000009205, its lowest level since June 24. The token has tumbled by almost 50% from its highest level this year.<\/p>\n<p>One of the main reasons Pepe\u2019s price has tumbled is that whales have continued to sell the token heavily. They now hold 6.54 trillion tokens, down from 7.6 trillion tokens.<\/p>\n<p>The same selling has continued among the so-called <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.nansen.ai\/token-god-mode?tokenAddress=0x6982508145454ce325ddbe47a25d4ec3d2311933&amp;chain=ethereum&amp;tab=smart-money\" target=\"_blank\" rel=\"nofollow\">smart money<\/a> investors, who now hold 1.62 trillion tokens, down from 2.6 trillion in August. Whale and smart-money selling is often seen as a bearish sign for a token, as these investors have a long track record of success in the crypto industry.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>More metrics show that demand for Pepe tokens has continued to fall in the past few months. For example, futures open interest dropped to $557 million on Tuesday from $800 million earlier this month and more than $1 billion in July.<\/p>\n<p>Falling open interest is usually a sign of low demand among investors. The same decline has also happened in the spot market, where daily volume has continued to fall in the past few months.<\/p>\n<h2 class=\"wp-block-heading\">Pepe Coin price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\"><strong>Pepe price chart | Source: crypto.news\u00a0<\/strong><\/figcaption><\/figure>\n<p>The daily timeframe chart shows that Pepe\u2019s price has come under pressure in the past few months, falling from a high of $0.00001667 in May to a low of $0.0000091 today. This price is notable since it coincides with the horizontal line that connects the lowest swings since June this year.<\/p>\n<p>Pepe has formed a descending triangle pattern, a common bearish continuation pattern made up of horizontal support and a descending trendline. In this case, the trendline connects the swing highs on May 22, July 22, and Sep. 13.<\/p>\n<p>Pepe Coin\u2019s price has moved below the 50-day and 100-day Exponential Moving Averages, while the Average Directional Index has risen, a sign that the retreat is gaining momentum.<\/p>\n<p>Therefore, the coin will likely continue to fall as sellers target the next key support level at $0.0000059, the April 6 low.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pepe Coin\u2019s price remains under pressure this week and is at risk of further downside after the token formed a descending triangle pattern and as selling intensifies. Summary Pepe Coin&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12186","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\/12186","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=12186"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12186\/revisions"}],"predecessor-version":[{"id":12187,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12186\/revisions\/12187"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3739"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}