#CreatorPad Pepe ($PEPE faces mixed signals: Large sell-offs from major investors cause price volatility, but technical analysis suggests potential stability near $0.000010, while high price levels in the long term remain a significant challenge. The short-term outlook is neutral.
Arthur Hayes sold PEPE worth $414.7 thousand, resulting in a 21% price drop over five days.
PEPE found temporary support at a price of $0.000010, with technical indicators suggesting a potential rebound or deeper correction.
Analysts believe that reaching $0.01 (one cent) for PEPE is nearly impossible due to the presence of 420 trillion tokens of the currency.
Detailed Analysis
1. Activity of Major Investors and General Economic Pressures
Arthur Hayes' Sale: On August 2, the former CEO of BitMEX sold 38.86 billion PEPE worth $414.7 thousand, along with selling ETH and ENA, citing economic risks such as weak U.S. job data and tariff fears (Cryptonews). This contributed to a 21% drop in PEPE's price over five days.
Caution in the Market Overall: Meme coins like DOGE and SHIB have also seen declines as traders reduce their risks amid slowing liquidity in the cryptocurrency market.
2. Price Movement and Technical Signals
Local Bottom Formation: PEPE's price stabilized near $0.000010 on August 2, aligning with the lower bound of the Bollinger Bands. Additionally, the declining histogram bars of the MACD indicator indicate weak selling pressure.
Key Levels: Resistance is between $0.000012 and $0.000013 (20-day exponential moving average), and support is at $0.00000957. Breaking the resistance at $0.000012 could drive the price towards $0.0000145, while failing to maintain $0.000010 could lead to a drop to $0.000008 (Coinspeaker).
3. Long-term Sustainability Challenges
The $0.01 Target is Unrealistic: With 420 trillion PEPE tokens, reaching a price of one cent would require a market cap of $4.2 trillion, which exceeds Bitcoin's current market cap. Most analysts estimate PEPE's price in 2030 to be around $0.000057 (CMC).
Actual Use vs. Hype: Unlike projects like Pepeto that offer decentralized financial tools, PEPE lacks fundamental use cases and heavily relies on social trends and exchange listings.
Conclusion
PEPE's short-term trajectory heavily depends on the actions of large investors and the overall mood of the cryptocurrency market, while the long-term price ceiling remains constrained by the large supply structure of the currency. Will the strength of the PEPE community be able to overcome the structural supply challenges in the upcoming meme coin cycle?
