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PEPE Price Prediction: How short-traders can profit after a tepid performance

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Bitcoin [BTC] has traded within a range that reached from $29.8k to $31.5k. Over the past week, the prices have been at the range lows, which did not bode well for bullish traders. This could have a significant impact on Pepe [PEPE] as well.

Read Pepe’s [PEPE] Price Prediction 2023-24

PEPE’s price action was also confined to a range formation over the past month. Traders must decide if the retest of the support levels highlighted was worth the risk. The on-chain metrics and price action suggested buyers were weak- will this force a breakout beneath the range? Here is a PEPE Price Prediction that explores the various scenarios that are likely to unfold in the coming months.

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PEPE Price Prediction- short-traders could stand to profit after tepid price performance

Source: PEPE/USDT on TradingView

The 1-day price chart showed that PEPE traded within a range that extended from $0.00000136 to $0.00000185. From the range low to the high it measured a near 36% difference, which suggested a lot of volatility was present in the time PEPE was within the range.

This volatility was more visible on the lower timeframe charts. Focusing on the daily chart, we can see that trading volume has begun to dry up as July progressed. Moreover, the market structure was bearish and the bulls were unable to defend the mid-range support at $0.0000016.

The support level at $0.00000148 (dotted orange) has been important since late June, but at the time of writing the prices have begun to dip beneath this level. The RSI fell below neutral 50 on 18 July which could have been an early signal that the bears were growing in strength. The OBV also slid lower in July, highlighting a lack of buying pressure.

PEPE can be bought at the $0.00000148 and $0.00000136 support levels targeting the range high at $0.00000185. However, traders must be prepared for a slump beneath the range lows as well.

PEPE bears force steady losses but should bulls look out for a buying opportunity?

Source: Santiment

The exchange inflow and outflow saw some incongruence on 14 July, with more outflows than inflows. In the days since then, exchange flow did not favor either side strongly. The 30-day MVRV ratio has been in a downtrend in July. Its negative values at press time showed an undervalued asset.

This does not mean prices will rally immediately. The active addresses have begun to drop over the past few days, which suggested demand could slow down as well. It would be hard for bulls to drive a rally without participation from users.

The age consumed metric saw sharp spikes around the 14 July which suggested a large wave of selling was underway. Since then, this metric did not see noticeable upward surges, which suggested selling pressure was not peaking in the short-term yet.

Source: PEPE/USDT on TradingView

The price action has had a bearish bias since 17 July on the H4 chart. The momentum and selling pressure have also been on the bearish side over the past week. PEPE made a series of lower highs after falling below the mid-range support at $0.0000016. At the time of writing, it was on the verge of losing the $0.00000148 support as well, and trading volume was low over the past week.

Yet, the price was at a place that saw PEPE bounce to the range highs on 12 July. Therefore, the recent losses represented what could be a low-risk buying opportunity for bulls. Even though it is a contrarian trade, the reward outweighed the risk.

When trading a range, it is usually better to expect that the range will continue, than to anticipate a breakout each time the price approached the extremes. Hence, the argument behind buying PEPE is simple- it is near the low. If the buyers are unable to force a reaction this week, then the case of a move beneath the range lows can be anticipated.

In such a scenario, a retest of the $0.00000136 area as resistance will offer a short-selling opportunity targeting the next higher timeframe support at $0.000001.

PEPE Price Prediction- bears force steady losses but should bulls look out for a buying opportunity?

Source: Coinalyze

The 2-hour chart from Coinalyze showed that since 17 July the Open Interest was relatively flat. After 21 July, PEPE prices slowly fell lower and lower, and the OI accompanied the prices downward. This highlighted bearish sentiment and discouraged longs.

The funding rate remained positive but began to drop in recent hours. While it showed positive sentiment, overall, the OI gave a clearer picture of speculator sentiment.

Realistic or not, here’s PEPE’s market cap in BTC’s terms

The sentiment across the market was not positive overall. Many altcoins are trading at important support zones, but a move higher was not guaranteed. With Bitcoin bulls unable to drive a move back toward $31.5k over the past week, it appeared that the bulls were nearing exhaustion and could soon be overrun.

Further losses for PEPE will likely see the meme coin fall toward the $0.000001 support level. This was where the previous rally began in mid-June, and prices could slump there in search of buyers.

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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