PEPE coin has been on a rollercoaster ride recently.

Over the past month, the memecoin’s price has dropped by 38% to around $0.0000037.

The cryptocurrency’s market capitalisation stands at roughly $1.56 billion, with a circulating and total supply of 420.69 trillion tokens.

Despite the huge price drop, PEPE’s trading volume remains significantly high at over $315 million in 24 hours, showing that investors are still actively moving in and out.

The past few weeks have been challenging for PEPE.

According to reports, sellers have dominated the market, keeping strong bear pressure on the meme coin.

The $0.0000037 level is now considered a critical support level, and failure to hold this support could lead to further declines.

Most importantly, daily price action shows lower highs and lower lows, a classic sign of a downtrend.

Technical indicators also paint a bearish picture, with the MACD main line remaining below its signal line, which signals a weak momentum.

The Chaikin Money Flow also shows negative values, suggesting that money is still flowing out of the token.

Short-term consolidation attempts have failed to flip the trend bullish, and analysts believe that the altcoin rotation is partly responsible for PEPE’s struggles.

Investors are shifting funds from memecoins like PEPE back into major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) amid the current crypto bloodbath.

This rotation adds to selling pressure and keeps the investors cautious.

But despite this, analysts suggest that the current weakness could be temporary.

If PEPE maintains above the key support levels and breaks above the immediate resistance, a rebound may be possible.

From a technical standpoint, the support zone around the $0.0000036–$0.0000038 range is crucial for determining PEPE’s next moves.

A drop below this region could signal continued bearish pressure.

On the upside, breaking past $0.0000050 would indicate potential momentum.

In case of a breakout, further resistance targets lie at $0.0000068 and $0.000010, offering medium-term recovery potential.

In the long term, price predictions for 2026 provide a broader perspective.

Analysts expect PEPE coin to trade within a range of $0.0000139 to $0.0000475 by the end of the year.

This means that even with the current decline, the coin could see meaningful upside later in 2026.

However, market participants will need to watch for both technical signals and broader memecoin and altcoin market trends.

Momentum in major cryptocurrencies, like Bitcoin and Ethereum, could heavily influence PEPE’s trajectory.

Investor sentiment also remains critical, as retail and social media hype have historically impacted meme coins like PEPE.

The post PEPE coin down 38% in a month: any hopes for a recovery? appeared first on Invezz

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