Overview
- PEPE is stabilizing around $0.0000036–$0.0000038, with recent prints near $0.0000036–$0.0000039 and a 24-hour decline of about 6%.
- Price structure remains bearish on daily and higher timeframes, trading below the ~$0.0000043 50-day moving average with the RSI in the mid-30s.
- Santiment reports the top 100 wallets accumulated 23.02 trillion PEPE over four months, absorbing supply during a roughly 73% market-cap drawdown.
- Coinglass data show roughly $20 million in shorts clustered between $0.00000400 and $0.00000550, creating conditional short-squeeze risk if price advances into that zone.
- Spot and futures volumes have cooled as open interest rose about 10% to $221 million, with sentiment at ‘Extreme Fear’; traders are watching a reclaim of ~$0.0000043 for recovery and a decisive break above ~$0.0000067–$0.0000068, while a daily close below ~$0.0000036 would weaken the support case.