#PEPE
Pepe (PEPE) fell 10.71% in 24h, underperforming the broader crypto market (-0.06%). Today’s drop contrasts with its 52% monthly gain, driven by profit-taking, technical resistance, and sector rotation.
Profit-Taking & Whale Activity – Shorts liquidated $2.99M fueled a 6% rally, but whales sold 2.86T PEPE since late December.
Technical Rejection – Failed to hold $0.00000650 support, triggering sell-offs near Fibonacci resistance.
Meme Coin Rotation – Capital shifted to newer meme tokens despite sector-wide gains.
Deep Dive
1. Profit-Taking After Rally (Bearish Impact)
Overview:
PEPE surged 6% on January 14 amid $2.99M short liquidations (CoinMarketCap), but gains reversed as whales sold 2.86T PEPE since December 29 (Steph_iscrypto).
What this means:
The squeeze created a “bull trap” – short-term longs exited after the spike, while whale distributions added downward pressure. With PEPE still up 52% monthly, traders locked in gains ahead of key resistance.
What to look out for:
On-chain whale wallets (e.g., movements to exchanges like Binance) and derivatives funding rates (currently neutral at +0.00059427%).
2. Technical Resistance at $0.00000650 (Mixed Impact)
Overview:
PEPE rejected the 23.6% Fibonacci level ($0.0000063664) and failed to hold $0.00000650 support, a key psychological zone. The 7-day RSI (57.86) cooled from overbought levels.
What this means:
Traders viewed the $0.00000650-$0.00000680 range as a profit-taking zone, aligning with December 2025 swing highs. The loss of $0.00000650 triggered algorithmic sell orders, accelerating the drop.
Key level to watch:
A close below $0.00000600 (January 14 low) risks a retest of $0.00000514 support.
3. Meme Coin Sector Rotation (Bearish Impact)
Overview:
While meme coins added $8B in market cap since January 1, PEPE underperformed rivals like BONK (+49%) and FLOKI (+40%) (CoinDataFlow).
What this means:
Traders favored newer tokens (e.g., PENGU, TURBO) over PEPE, which has a $2.56B market cap and slower volatility. PEPE’s 24h volume fell 11.57% to $924M,