Bears Make Progress While Whales Continue to Gather PEPE During Market Decline

The

coin sector remains under significant strain as (PEPE) finds it difficult to stay above key support zones, with both technical signals and large-holder activity pointing to a possible 18% drop. Even though major investors are increasing their holdings, the token’s price action stays unstable, mirroring the overall bearish mood in the market.

Currently, PEPE is valued at $0.0000042, trading well beneath its 20, 50, and 200-day moving averages,

across all observed periods. Momentum tools like the MACD, ADX, RSI, and Stochastic RSI all point to continued weakness, with the RSI at 28 and Stochastic RSI at zero, highlighting an oversold market still dominated by sellers. that the lack of substantial technical support below the current price increases the likelihood of a slide toward $0.0000040, with an 80% chance of further losses. If the price fails to recover $0.0000046, a steeper decline is likely as sellers remain in control.

Large-holder moves add another layer to the situation.

2 trillion PEPE tokens ($12.3 million) out of Binance, which is seen as a bullish sign of accumulation despite the weak overall market. Long-term investors now possess 65% of the total supply, up from 58% in October, indicating growing confidence in the token’s future. Still, bearish forces are intensifying, with between October and November, adding to the downward momentum.

The wider memecoin market is also exposed to risk.

, surpassing the losses seen by (-14%) and BONK (-11%). , point to a possible fall to $0.00000185 if the $0.0000041 neckline is breached. Meanwhile, —aimed at loosening crypto rules— provide a faint sign of optimism, with some analysts expecting a 15–20% increase in liquidity for Ethereum-based assets by the first quarter of 2026.

Market watchers remain wary.

that "the most likely scenario is continued sideways movement or further decline—there’s little reason for optimism unless buyers push the price back above $0.0000046." that while regulatory support could spark a recovery if climbs past $105,000, PEPE’s lack of real-world use and its high volatility—driven more by online trends than fundamentals—make it susceptible to sharp downturns.

Forecasts for the price remain divided.

or $0.0000147 by 2026, while pessimists expect it could bottom out at $0.000002 or even $0.000001 by 2029. of $0.00000404 points to a tight trading band, and traders are urged to limit exposure if the price dips below $0.0000050.

As PEPE maneuvers through this turbulent period, the balance between whale accumulation and bearish trends will be crucial. While clearer regulations and Bitcoin’s trajectory may offer some relief, the token’s future will depend on its ability to maintain social momentum in an increasingly bearish market.