{"id":12442,"date":"2025-10-02T20:13:18","date_gmt":"2025-10-02T20:13:18","guid":{"rendered":"https:\/\/bitunikey.com\/news\/heres-why-pepe-coin-price-may-miss-the-uptober-rally\/"},"modified":"2025-10-02T20:13:21","modified_gmt":"2025-10-02T20:13:21","slug":"heres-why-pepe-coin-price-may-miss-the-uptober-rally","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/heres-why-pepe-coin-price-may-miss-the-uptober-rally\/","title":{"rendered":"Here\u2019s why Pepe Coin price may miss the Uptober rally"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Pepe Coin price remains in a deep bear market, and on-chain data and its weak technicals point to a crash in the coming weeks or months.<\/p>\n<div id=\"cn-block-summary-block_907fb22fc1ce3e62cbc8046009bf693d\" 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 may not participate in the ongoing Uptober rally.<\/li>\n<li>The token has formed a descending triangle pattern on the daily chart.<\/li>\n<li>Whale and smart money investors have continued dumping the token.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Pepe Coin (PEPE) token was trading at $0.000010 on Thursday, Oct. 2, down by 40% from the highest point in May this year. Its market capitalization has dropped to over $4.2 billion, down from the all-time high of over $10 billion.<\/p>\n<h2 class=\"wp-block-heading\">Pepe Coin price has technical points to more downsides<\/h2>\n<p>The daily timeframe shows that the Pepe price topped at $0.00001645 on May 23 as the crypto market rallied.<\/p>\n<p>Since then, the coin has formed a series of lower lows, with its attempts to rebound facing substantial resistance.<\/p>\n<p>The coin has formed a descending triangle pattern, which consists of a descending trendline and a horizontal support at $0.0000091. The support coincided with the ultimate support level of the Murrey Math Lines tool.<\/p>\n<p>This pattern often leads to a strong bearish breakout, which is normally confirmed when it moves below the support level. If this happens, the next key level to watch will be at $0.00000759, its lowest level in May last year, and the extreme oversold level.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The bearish Pepe price forecast will become invalid if it moves above the descending trendline of the triangle pattern. If this happens, it may rally to the psychological level at $0.000015.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Pepe price chart | Source: crypto.news<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">On-chain data shows that whales are dumping Pepe tokens\u00a0<\/h2>\n<p>Another reason why the Pepe Coin may not participate in the Uptober rally is that whale investors continue to dumb it, a sign that they expect it to keep falling.<\/p>\n<p>Nansen data shows that whale holdings have dropped by 22% in the last 30 days. These investors now hold 6.11 trillion tokens, down from 7.5 trillion on the same day last month. Historically, whale selling is usually a bearish sign.<\/p>\n<p>The same trend is happening among smart money investors and public figures. Smart money investors have reduced their holdings by 65% in the last 30 days to 912 billion tokens, while public figures have cut their holdings by 65%.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pepe Coin price remains in a deep bear market, and on-chain data and its weak technicals point to a crash in the coming weeks or months. Summary Pepe Coin price&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12442","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\/12442","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=12442"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12442\/revisions"}],"predecessor-version":[{"id":12443,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12442\/revisions\/12443"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2394"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}