PEPE drops as sellers maintain control with ETF approval pending: weekly review

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Pepe falls 7.41% this week

Highlights

PEPE continues to face selling pressure, trading persistently below key moving averages with downside momentum dominating.
Technical indicators point to a weak trend with dominant seller strength, while oscillators remain neutral to slightly weak.
Forecast for the coming week suggests price consolidation between $0.00000365 and $0.00000397, with a clear bias for further declines.

Institutional ETF filing and wallet growth support adoption sentiment this week

Canary Capital has filed a registration with the SEC for a spot PEPE exchange-traded fund, marking the first institutional fund filing for the token. On-chain data also shows 37,000 new wallets have been added to the PEPE holder base, indicating increased adoption. The ETF approval remains pending.

Bearish technical signals deepen as PEPE holds under weekly averages

On the weekly timeframe, PEPE remains under its MA-20 and MA-50, reflecting persistent medium- and long-term downward pressure, while the Ichimoku Kijun at $0.00000518 serves as the closest dynamic resistance. Weekly indicators are mostly bearish or neutral: MACD signals strong downside momentum, ADX is neutral and does not indicate a clear trend, and the weekly RSI at 42 sits in neutral territory, not yet oversold. The Stochastic RSI and Bull/Bear Power indicators point to continued seller dominance. Support this week sits near $0.00000365, with resistance at $0.00000397 and the MA-20 above that.

Consolidation favored in coming week amid low reversal odds

For the next 7 days, PEPE is expected to trade between $0.00000365 and $0.00000397, with prevailing momentum favoring consolidation within this corridor. The probability of an upward reversal remains very low — less than 20% — as none of the key weekly indicators signal a Buy or Strong Buy condition. Should the price break above $0.00000397, PEPE may attempt a recovery toward the MA-20, but if it slips below $0.00000365, deeper weekly support levels are likely to be retested.

Parshwa Turakhiya, analyst, notes that PEPE ended the week under pressure, closing just below the MA-20 and well beneath the MA-50. He sees sentiment picking up on news of a potential ETF filing and rising wallet numbers, but technicals remain weak, with downside momentum still dominant. Indicators show sellers have the upper hand, and the probability of a sharp recovery remains low. For the coming week, Turakhiya expects PEPE to consolidate within the $0.00000365 to $0.00000397 range unless a clear catalyst emerges. "Until buyers reclaim the MA-20 level, I see consolidation as the base case and deeper support tests likely if $0.00000365 fails."

Earlier, analysts noted that Pepe was consolidating under persistent bearish momentum, with sellers maintaining control and limited signs of a potential reversal. The latest developments, including the first institutional ETF filing and notable on-chain wallet growth, reinforce continued downside risk while highlighting $0.00000365 as a pivotal support level for traders to monitor in the near term.

Source of Data: PEPE Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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