Pepe (PEPE) Price Prediction: PEPE Finds Support at $0.000010 —Is This the Launchpad for a New Rally for Pepe Coin Holders?

The recent volatility in Pepe coin price has stirred concerns across the crypto Pepe community, especially after PEPE briefly touched a local low of $0.000010.

This drop—marking a 21% correction over five days—was largely triggered by a significant sell-off from BitMex co-founder Arthur Hayes, who liquidated a combined $13 million in assets, including over 38 billion PEPE tokens.

According to on-chain data from Lookonchain, Hayes also sold 2,373 ETH and 7.76 million ENA. While PEPE’s price dipped sharply in the immediate aftermath, falling 4% within 24 hours, the token managed to stabilize just above the psychologically important $0.000010 level.

Despite the sell-off, the broader market remains anchored by Bitcoin’s relative strength, which is consolidating above $113,000. This context suggests that Pepe crypto may not be entering a full-fledged bearish cycle, but rather facing a temporary correction amid profit-taking and whale exits.

Technical Indicators Hint at Potential Stabilization

Technically, PEPE’s price structure appears to be bottoming out. The current price action is hovering near the lower Bollinger Band at $0.00001024, suggesting potential support. However, resistance from the 20-day EMA at $0.00001249 remains a key hurdle.

PEPEUSDT shows strong support and consolidation, signaling a likely end to the correction and potential market-wide rebound. Source: MasterAnanda on TradingView

Momentum indicators are also mixed. The MACD is still in bearish territory, with the line below the signal, but histogram bars are narrowing—often a sign of decreasing selling pressure.

If PEPE holds above $0.000010 through the weekend, analysts expect a potential rebound toward the $0.000012–$0.000013 range. A successful breakout from that zone could enable a retest of the July highs near $0.00001450. Conversely, renewed selling—especially from whales—may push the PEPE price down toward $0.000009 or even $0.000008.

Whale Liquidation Adds Fuel to the Fire

In a separate event that added pressure to the Pepe price, a whale wallet (address: 0x432d) faced severe liquidation. The long position—valued at $181,509 with 12.22x leverage—now holds only $14,850 after the price collapsed. Entered at $0.00001289, the position has suffered over 200% in negative ROE.

Pepe was trading at around $0.00001032, down -2.65% in the last 24 hours at press time. Source: Brave New Coin

The trader’s unhedged exposure to PEPE, combined with aggressive funding fees and a lack of support above key levels, such as $0.00001180, triggered cascading liquidations. These events further dented market sentiment and highlighted the vulnerability of highly leveraged players during sharp corrections.

Bearish Momentum After Support Break

PEPE’s recent break below the $0.00001180 triangle support zone dashed short-term bullish hopes. Technical analyst Ali Martinez identified this level as crucial, having acted as support during mid-July’s brief rally. Failure to reclaim it flips the level into resistance, confirming bearish continuation for now.

PEPE must reclaim $0.0000118 to prevent a possible decline toward $0.0000097. Source: Ali Martinez via X

“The structure showed a consistent downtrend with lower highs forming since PEPE rejected the $0.00001410–$0.00001500 supply zone,” the analysis notes. Current breakdowns at $0.00001290 and $0.00001170 failed to hold as support during retests, showing continued exhaustion among bulls.

If buyers cannot reclaim momentum and push above $0.00001180, the next key levels are $0.00001050, followed by $0.00000970—a horizontal demand zone where bargain-hunting traders may attempt to reverse the trend.

On-Chain Metrics Reflect Weakening Conviction

On-chain activity also points to reduced confidence among Pepe holders. Data from Nansen reveals that exchange wallet balances increased by 2.41%, or roughly 250.62 trillion tokens, indicating a shift toward potential sell-offs. At the same time, the total token balance in tracked wallets remains steady at around 305.52 trillion, showing stagnation in accumulation.

Arthur Hayes sold 2,373 ETH, 7.76M ENA, and 38.86B PEPE worth $13.35M in 6 hours. Source: Lookonchain via X

Moreover, the distribution score currently stands at 20, reflecting a balanced dynamic between redistribution and holding. Importantly, there’s been no significant whale accumulation during the dip, suggesting many large holders are sitting on the sidelines rather than actively buying the dip.

Final Thought: Cautious Optimism or Further Decline?

With PEPE crypto price hovering around a key support, the outlook for PEPE token remains mixed. Technical indicators suggest stabilization, but the failure to reclaim crucial resistance levels, combined with heavy whale liquidations, leaves room for caution.

The question now is whether Pepe enthusiasts and savvy traders view this level as a long-term buying opportunity or if the lack of bullish momentum will lead to another breakdown.

As of now, Pepe coin price prediction today hinges on broader market trends and whale behavior. If sentiment improves and Bitcoin holds its ground, PEPE predictions could see a shift to the upside. However, persistent selling pressure may drive the PEPE price outlook lower in the near term.