Pepe
.
As for the wider sector of Memecoin, the CoinDesk Memecoin Index dropped by 3.87% in the past 24 hours period.
The sharp decline of the token marks a continuation of its recent downtrend, marked by the intense volatility and heavy sale of the intraday.
Once a retail darling with viral momentum and even what appeared like a Nodded from Elon Musk Back on April 9, Pepe has since slipped on the market influence as attention returns to Bitcoin. Musk briefly adopted a profile -themed profile that the day, a step that sent waves through the meme coin space. However, the hype is even more fading.
This collapse is part of a broader transition to crypto markets, where bitcoin dominance has risen above 65%, a level that has not been seen for two years. The trend suggests the growing preference of the investor for BTC to smaller altcoins, especially in times of uncertainty and refusal of appetite. That shift feels strongly high-beta assets such as Pepe.
Despite short price rebounds, Pepe remains under pressure, facing resistance near $ 0.00001013. Its failure to maintain the rallies reflects the broader cycle away from the meme coin, and its future performance can ride on whether the sentiment on the market returns to riskier assets or remain anchored to the names of large caps.
Technical assessments
- PEPE-USD exchanged within a 16.1% range, falling from $ 0.00001017 to $ 0.00000940 between 25 June 09:00 and 26 June 08:00 UTC.
- Strong resistance formed at $ 0.00001013 during heavy sale between 25 June 14:00 and 16:00 UTC.
- A short-term zone support built at $ 0.00000946– $ 0.00000950, in which the price repeatedly bouncing in a moderate volume by late 25th June and early 26th June.
- In the last 60 minutes of the review window, from 26 June 07:07 to 08:06 UTC, the price moved from $ 0.00000959 to $ 0.00000955.
- A spike of 91.9 trillion units at 07:17 UTC on 26 June in conjunction with a short 3.1% rally.
- Prices slip 0.9% in the last minute before closing, reflecting short -term income extraction.
Denial: Parts of this article were formed with assistance from AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
