{"id":9333,"date":"2025-08-30T17:08:10","date_gmt":"2025-08-30T17:08:10","guid":{"rendered":"https:\/\/bitunikey.com\/news\/pepe-coin-tanks-below-key-support-a-deeper-decline-awaits\/"},"modified":"2025-08-30T17:08:13","modified_gmt":"2025-08-30T17:08:13","slug":"pepe-coin-tanks-below-key-support-a-deeper-decline-awaits","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/pepe-coin-tanks-below-key-support-a-deeper-decline-awaits\/","title":{"rendered":"Pepe Coin tanks below key support, a deeper decline awaits"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The Pepe Coin price crashed below a crucial support level, putting it at risk of a more significant decline as the derivative market indicates a negative funding rate.\u00a0<\/p>\n<div id=\"cn-block-summary-block_154d057f075afddb2bdee855552778ec\" 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 has formed a death cross pattern on the daily chart.<\/li>\n<li>The weighted funding rate has turned negative.<\/li>\n<li>Technical analysis signals a deeper crash is coming.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Pepe Coin price at risk as funding rate flips negative\u00a0<\/h2>\n<p>Pepe (PEPE), the second-largest Ethereum (ETH) meme coin, was trading at $0.0000100095 on Saturday, Aug. 30, which was 33% below its highest level in June.<\/p>\n<p>CoinGlass data indicates that Pepe may be at risk as liquidations surge, the weighted funding rate turns negative, and open interest declines.<\/p>\n<p>Pepe\u2019s funding rate has been in a downward trend in the past few days and has now turned negative. It moved to a low of minus 0.011%, its lowest level since Aug. 24.\u00a0<\/p>\n<p>The funding rate is a figure that examines the fee that traders in the futures market pay to ensure the price remains close to the one in the spot market. A negative funding rate is a sign that these investors expect the future price to be lower than where it is today.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Pepe funding rate | Source: CoinGlass<\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Pepe\u2019s futures open interest has been in a downtrend. After peaking at over $1 billion in July, it has slumped to $548 million, its lowest level since June. A falling open interest and spot market volume signal that the demand is fading.\u00a0<\/p>\n<p>The decline has coincided with the rising liquidations, where exchanges close leveraged trade. Liquidations lead to increased selling pressure, which depresses the price.\u00a0<\/p>\n<p>Nansen data shows that smart money and whale investors are no longer buying. Smart money holdings have plunged by 23% in the last 30 days, while whale holdings have been flat.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Pepe price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"3574\" height=\"2038\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/08\/Pepe-Coin-tanks-below-key-support-a-deeper-decline-awaits.png\" alt=\"Pepe Coin price\" class=\"wp-image-14410465\"><figcaption class=\"wp-element-caption\">Pepe Coin price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily chart indicates that the Pepe token price has remained within a tight range over the past few days. It has crashed below the critical support at $0.0000098, invalidating the forming double-bottom pattern.<\/p>\n<p>Pepe price has also moved below the lower side of the symmetrical triangle pattern. Most importantly, it has formed a death cross pattern as the 50-day and 200-day moving averages crossed each other.\u00a0<\/p>\n<p>Therefore, the token is likely to continue falling as sellers target the key support level at $0.0000082, its lowest point since July 22.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Pepe Coin price crashed below a crucial support level, putting it at risk of a more significant decline as the derivative market indicates a negative funding rate.\u00a0 Summary Pepe&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-9333","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\/9333","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=9333"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9333\/revisions"}],"predecessor-version":[{"id":9334,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9333\/revisions\/9334"}],"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=9333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=9333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=9333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}