Pepe slides lower as increased supply and technical barriers add to market caution

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Pepe drops 8.06% today on Binance news

Highlights

Hackers sold 77.7 trillion PEPE tokens from Binance's hot wallet for 14,049 ETH worth over $31.9 million.
The token sale caused a surge in PEPE supply and broad selling pressure, raising concerns about asset security and stability.
PEPE trades below key moving averages, slipped 8.06% on the day, and is expected to consolidate between $0.000004671 and $0.000005329 in the next 2 to 3 days.

Token sell-off intensifies as Binance hot wallet hacked

Hackers executed a major sale of 77.7 trillion PEPE tokens from Binance's hot wallet, exchanging them for 14,049 ETH worth over $31.9 million, according to Chaincatcher. This large-scale transfer created a sudden influx of tokens into the market, which significantly increased available supply and triggered concerns around asset security. The incident, tied to Binance's hot wallet according to Tokenpost, contributed to broad selling pressure as confidence in the token's market stability was undermined.

Neutral momentum signals amid persistent technical barriers

On the H1 chart, PEPE/USD is trading below both the MA-20 at $0.00000501 and MA-50 at $0.000005006, indicating persistent short- and medium-term technical barriers. However, the price remains above the MA-200 at $0.000003475. Immediate resistance sits at the Ichimoku Kijun level of $0.000005155. Key momentum indicators—including RSI at 50.7, MACD, ADX, Stoch RSI, and CCI—are all neutral, pointing to a lack of clear trend direction. Bull/Bear Power is the exception, showing a strong buy signal and reflecting periods of intraday buyer dominance, while the Awesome Oscillator is neutral and does not confirm a prevailing trend. The market environment remains volatile, with mixed signals across technical measures.

Recovery prospects strengthen if resistance is cleared

In the next 2–3 trading days, PEPE/USD is expected to fluctuate within a typical volatility band of $0.000004671 to $0.000005329. The probability of an upward move is assessed as very high, with a much lower likelihood of a bearish extension. If bulls are able to drive price above the immediate resistance at $0.000005155, a more sustained recovery may develop. Conversely, a close below the $0.000004671 support level would signal further weakness and increase the risk of additional declines.

Anton Kharitonov, expert at Traders Union, notes that PEPE's recent decline is driven by negative market sentiment after a large-scale hack and token dump. He emphasizes that technical signals remain mixed, with neutral momentum indicators and price still below key moving averages. Kharitonov sees immediate resistance near $0.000005155, but is skeptical about a quick recovery given current uncertainties. "Until the security narrative shifts and PEPE reclaims $0.000005155 with volume, I remain on the sidelines," he says.

Previously it was reported that sustained whale accumulation and bullish technical momentum had driven significant upside in Pepe. The current selloff and heightened volatility following a major token transfer introduce new downside risks, making the $0.000004671 support level a critical threshold for near-term market direction.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.