{"id":8154,"date":"2025-08-18T21:10:10","date_gmt":"2025-08-18T21:10:10","guid":{"rendered":"https:\/\/bitunikey.com\/news\/pepe-price-teeters-on-edge-of-a-breakdown-as-risky-pattern-forms\/"},"modified":"2025-08-18T21:10:25","modified_gmt":"2025-08-18T21:10:25","slug":"pepe-price-teeters-on-edge-of-a-breakdown-as-risky-pattern-forms","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/pepe-price-teeters-on-edge-of-a-breakdown-as-risky-pattern-forms\/","title":{"rendered":"Pepe price teeters on edge of a breakdown as risky pattern forms"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Pepe price has underperformed the market recently amid weak demand, and a risky chart pattern points to a bearish breakdown.<\/p>\n<div id=\"cn-block-summary-block_1f94779920417002bc3930d4a3720ab6\" 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 crypto price has formed the highly bearish head-and-shoulders pattern.\u00a0<\/li>\n<li>Its volume in the spot and futures market has plunged this year.<\/li>\n<li>Pepe has lost its correlation with Ethereum.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Pepe Coin (PEPE) was trading at $0.00001070 on Monday, Aug. 19, much lower than the July high of $0.00001470.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Risky chart pattern points to a Pepe price crash<\/h2>\n<p>The daily chart shows that the Pepe Coin price has remained under pressure in the past few days. After rising to a high of $0.00001470 in July, it has cratered by 25% to the current $0.00001070.<\/p>\n<p>The coin has fallen below the 50-day and 100-day moving averages, a sign that bears have prevailed. Worse, it has formed a head-and-shoulders chart pattern, a popular bearish reversal sign.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Pepe is now hovering near the neckline at $0.000010. A break below the neckline will provide hints of potential downward momentum, potentially to the key support at $0.000008260, its lowest level in June of this year.<\/p>\n<p>The bearish Pepe price forecast will become invalid if it rebounds and flips the right shoulder at $0.00001470. Such a move will confirm more gains and potentially move it to the head section at $0.00001632.\u00a0<\/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\">Pepe Coin fundamentals are deteriorating<\/h2>\n<p>Pepe crypto price may also crash because of its deteriorating fundamentals. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.nansen.ai\/token-god-mode?tokenAddress=0x6982508145454ce325ddbe47a25d4ec3d2311933&amp;chain=ethereum&amp;tab=whales\" target=\"_blank\">Data shows<\/a> that whales have paused buying Pepe, with their current holdings at 8.34 trillion. The amount has remained intact since August 14.<\/p>\n<p>Pepe\u2019s volume in the spot and futures markets has waned in the past few weeks, a sign of waning demand. While the 24-hour volume rose to $683 million, it remains much lower than its historical levels. In most cases, Pepe tends to have a 24-hour volume of over $1 billion.<\/p>\n<p>CoinGlass data shows that the futures open interest has tumbled from $992 million in July to $642 million. Falling futures interest is a sign of low demand among traders.<\/p>\n<p>Additionally, Pepe has lost its correlation to Ethereum (ETH). It recently remained in a tight range even as Ethereum surged to the highest level in over three years. Historically, Pepe coin price has surged whenever ETH was rising because it is the second-biggest meme coin in its ecosystem.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pepe price has underperformed the market recently amid weak demand, and a risky chart pattern points to a bearish breakdown. Summary Pepe crypto price has formed the highly bearish head-and-shoulders&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8154","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\/8154","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=8154"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8154\/revisions"}],"predecessor-version":[{"id":8155,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8154\/revisions\/8155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/7318"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}