PEPE has erased nearly all of its May rally, falling to a five-week low amid broad market uncertainty and a wave of liquidations. As of Sunday evening, PEPE trades at $0.00000904, down more than 45% from its recent high of $0.0000167 recorded on May 23.
The sharp retracement coincides with a broader crypto market pullback. According to Coinglass, over $900 million in crypto positions were liquidated in the past 24 hours, with more than 88% of those tied to long trades. PEPE, which remains one of the more volatile meme tokens, was massively impacted.
This marks PEPE’s fourth consecutive red daily candle, wiping out its previous bullish structure. Still, analysts argue that key technical signals suggest a possible reversal could be near.
Technical Compression Spells Building Pressure
Despite short-term weakness, several chart indicators are pointing toward a potential breakout. According to TradingView data, PEPE has entered a price compression phase, a precursor to upside expansion.
The Relative Strength Index (RSI) on the weekly chart is showing a pattern similar to that seen prior to its earlier breakout in March. Then, after consolidating for 196 days, PEPE surged by over 400%. The current build-up has lasted 245 days, with price hovering around a key support area in the logarithmic support box.
The chart also highlights resistance levels at $0.00001531 and $0.00002193, with a potential move to these levels representing gains of over 230% and 330%, respectively. Traders are watching for a strong close above $0.00001119 to confirm a breakout continuation.
Pepeto Gains Ground as Next 100x Coin
The crypto community is excited about the new token Pepeto, a memecoin developed with real infrastructure and investor-focused features.
Pepeto is currently in presale, priced at $0.000000136, with more than $5.46 million already raised. The Ethereum-based project offers staking yields of up to 276%, and its codebase has been fully audited for transparency and security. T
Unlike PEPE, which is driven largely by sentiment and market cycles, Pepeto is building a decentralized exchange and applying strict vetting standards for listed tokens. These features are designed to prevent the proliferation of scams, a persistent problem in the memecoin market.
PEPE Sentiment Diverges as Bulls Await Confirmation
Investor sentiment around PEPE remains divided. On-chain data from IntoTheBlock shows that whale netflows have turned negative, with large holders offloading trillions of tokens in recent days. However, mid-size wallets have been gradually accumulating, suggesting retail support remains intact.
The token’s ability to maintain above the $0.00000900 mark is being closely watched. Should PEPE drop below this psychological threshold, downside risks could intensify. Conversely, any upward movement supported by volume and RSI breakout confirmation would likely reignite a bullish sentiment.
Meanwhile, Pepeto is preparing for major announcements. A demo version of its Pepeto Exchange is expected to go live on official social channels within the week. According to the team, applications for listings will resume shortly after.
ABOUT PEPETO
Pepeto is a cutting-edge cryptocurrency project blending the playful spirit of memecoins with a powerful, utility-driven ecosystem. It features a zero-fee exchange, a cross-chain bridge for seamless swaps, and staking rewards designed to support the next generation of tokens.
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