Pepe price forecast: Further losses likely as sellers keep control below resistance

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Pepe drops 7.26% today on liquidations

Highlights

Major crypto platforms recorded $470,000 in long liquidations and $180,000 in short liquidations during the latest session.
Forced unwinding of leveraged positions resulted in increased supply and sharp downside volatility across order books.
PEPE/USD trades below short- and medium-term moving averages with dominant bearish momentum, forecasted to consolidate in a $0.00000476 to $0.000005221 range over the next 2 to 3 days.

Selling momentum accelerates as forced liquidations overwhelm order books

A notable increase in liquidation events has been observed on major platforms, with $470,000 in long liquidations and $180,000 in short liquidations reported across Binance, Bybit, and OKX, according to Tokenpost. Forced liquidations of leveraged positions contribute to heightened supply and acute downside volatility, intensifying market pressure as positions are unwound directly into the order book. This surge in liquidations has played a key role in shaping sentiment and amplifying selling momentum during the latest session.

Bearish bias strengthens as support holds and indicators signal oversold

On the hourly chart, PEPE/USD is trading below both the MA-20 and MA-50, marking pronounced short- and medium-term resistance levels. The daily chart shows price still positioned above the MA-200, suggesting a longer-term support zone. Immediate resistance is identified at the Ichimoku Kijun line of $0.000005275, while support is marked near $0.00000476. Momentum indicators including MACD and ADX continue to register bearish readings. RSI remains neutral, but both Stochastic RSI and CCI are in oversold territory, hinting at potential for a near-term technical rebound. Bull/Bear Power is negative, indicating seller dominance intraday, corroborated by a bearish signal from the Awesome Oscillator.

Downside risk dominates as narrow consolidation threatens further decline

Over the next two to three trading days, PEPE/USD is expected to consolidate within a volatility band between $0.00000476 and $0.000005221. The probability of a further downward move is assessed as very high, while the chance of an upside breakout is considered very low. Any bullish reversal would require a decisive push above immediate resistance at $0.000005275, whereas a break below $0.00000476 could accelerate downside momentum.

Viktoras Karapetjanc, expert at Traders Union, sees the recent surge in liquidation events as a sign of underlying stress but also an opportunity for recalibration. He notes that price action is technically weak in the short term, though longer-term support offers a constructive backdrop. Sentiment is dominated by sellers, yet oversold indicators hint at near-term stabilisation. Karapetjanc believes the overall momentum remains bearish for now, but a technical rebound cannot be ruled out if support holds. "Given the longer-term support and oversold signals, I am watching for signs of a bounce, while remaining alert to further downside if $0.00000476 fails."

Earlier, analysts noted that PEPE was supported by persistent trend momentum and increased buying interest, with technical signals favoring continued upside potential. The current reversal, marked by substantial long liquidations and reinforced bearish momentum, signals a shift in outlook, making the key level of $0.00000476 critical to watch for heightened downside risk 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

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.