{"id":13778,"date":"2025-10-20T10:22:14","date_gmt":"2025-10-20T10:22:14","guid":{"rendered":"https:\/\/bitunikey.com\/news\/pepe-coin-price-weakens-as-head-and-shoulders-pattern-emerges\/"},"modified":"2025-10-20T10:22:22","modified_gmt":"2025-10-20T10:22:22","slug":"pepe-coin-price-weakens-as-head-and-shoulders-pattern-emerges","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/pepe-coin-price-weakens-as-head-and-shoulders-pattern-emerges\/","title":{"rendered":"PEPE coin price weakens as head and shoulders pattern emerges"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">PEPE coin price has dropped nearly 40% from its September highs as it approaches a potential breakdown from a bearish head and shoulders pattern, which could spell more pain for holders in the days ahead.<\/p>\n<div id=\"cn-block-summary-block_4726e505c8fa470bc76461c01927afc7\" 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 price continued to extend losses on the weekly timeframe.<\/li>\n<li>Whales and smart money holders have started exiting positions.<\/li>\n<li>A bearish head and shoulder pattern is forming on the PEPE\/USDT weekly chart.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Pepe (PEPE) coin dropped to a 6-month low of $0.0000063 on Friday, Oct. 17, before managing a slight recovery to $0.0000072 at the time of writing. At this price, the altcoin is down 40% from its September peak and has plunged nearly 66% from its highest point earlier this year.<\/p>\n<p>Pepe coin price dropped 33% to $0.0000062 on Oct. 11 after U.S. President Donald Trump announced new tariffs on Chinese exports, reigniting trade war fears between the two major economies.\u00a0<\/p>\n<p>The back-and-forth between Washington and Beijing has continued to unsettle global risk markets, including crypto, with several major cryptocurrencies shedding over 20% from their monthly gains as investors turned risk-averse.<\/p>\n<p>Data from Blockchain analytics platform Nansen suggests Pepe\u2019s price decline has been amplified by a steady exit of smart money and whale investors. Over the past 30 days, the total number of tokens held by smart money wallets has dropped by 38.6% to 1.95 trillion. At the same time, whale holdings have fallen from 6.13 trillion to 4.95 trillion during the same period.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.nansen.ai\/token-god-mode?tokenAddress=0x6982508145454ce325ddbe47a25d4ec3d2311933&amp;chain=ethereum&amp;tab=whales\" target=\"_blank\" rel=\"nofollow\">Nansen<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Such large-scale exits typically signal a market that is still in a state of uncertainty. Investors appear to be taking a wait-and-watch approach, probably holding out for clearer signs of stability before considering a possible reentry.\u00a0<\/p>\n<p>If the selling continues, it could begin to weigh on retail investor sentiment as well, potentially triggering a broader wave of panic selling driven by fear rather than fundamentals.<\/p>\n<h1 class=\"wp-block-heading\">Pepe price analysis<\/h1>\n<p>On the weekly chart, Pepe coin price has formed a textbook multi-year head and shoulders pattern, with the neckline hovering near $0.0000070 and the head topping out around $0.000028. This structure is often viewed as a strong bearish reversal signal, especially if the price breaks below the neckline with confirmation from other indicators.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1827\" height=\"888\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/10\/1760955734_834_PEPE-coin-price-weakens-as-head-and-shoulders-pattern-emerges.webp.webp\" alt=\"PEPE coin price has formed a bearish head and shoulders on the weekly chart.\" class=\"wp-image-14426655\"><figcaption class=\"wp-element-caption\">PEPE coin price has formed a bearish head and shoulders on the weekly chart \u2014 Oct. 20 | Source: crypto.news<\/figcaption><\/figure>\n<p>PEPE\u2019s MACD line had crossed below the signal line when writing, which is a telltale sign that bearish momentum was gaining strength. Sellers assessing charts based on this signal may continue to apply pressure in the coming sessions.<\/p>\n<p>Meanwhile, the RSI on the weekly timeframe was also heading downwards and had breached the neutral mark at 50, further reinforcing the bearish outlook among traders.<\/p>\n<p>For now, the key support level to watch is at $0.0000070, which aligns with the 23.6% Fibonacci retracement. It stands 44% below the current price.<\/p>\n<p>A clear break below this level, supported by rising trading volume, could open the doors for a deeper decline toward $0.0000040, particularly if overall market sentiment remains negative.<\/p>\n<p>On the flip side, if bulls manage to defend the neckline and push prices higher, the first major resistance sits at $0.0000090. Decisively reclaiming that level could mark the end of the current downtrend and potentially signal an early shift in momentum in favor of buyers.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PEPE coin price has dropped nearly 40% from its September highs as it approaches a potential breakdown from a bearish head and shoulders pattern, which could spell more pain for&hellip;<\/p>\n","protected":false},"author":1,"featured_media":13779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13778","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\/13778","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=13778"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13778\/revisions"}],"predecessor-version":[{"id":13780,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13778\/revisions\/13780"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/13779"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=13778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=13778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=13778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}