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The once-hyped PEPE meme coin is facing heavy selling pressure, leaving investors wondering whether the token is on its last legs. PEPE, which had explosive gains during its early rally, is now trading at $0.00000646, marking a 5.32% daily decline. With weak momentum, low buying pressure, and constant price rejections, many are questioning: Is PEPE price heading toward a complete collapse, or will it survive and stage a comeback? Let’s analyze its price action, indicators, and key levels to determine what’s next for the meme coin. Looking at the daily chart, PEPE is in a confirmed downtrend , with price action forming lower highs and lower lows since its peak near $0.00002500. The continued decline suggests investors are exiting their positions, pushing PEPE further into bearish territory. A lack of strong buying support has led to longer red candles, indicating panic selling. With no significant recovery attempts, PEPE is dangerously close to breaking critical support zones, which could lead to even deeper losses. A major factor to consider when evaluating whether PEPE can rebound is the Relative Strength Index (RSI). However, while oversold conditions often lead to short-term price jumps, they do not guarantee a long-term trend reversal. If market sentiment remains bearish, PEPE could stay undervalued for an extended period, struggling to recover. The Moving Average Convergence Divergence (MACD) is an important trend-following indicator that can reveal whether PEPE is close to bottoming out. For PEPE to show bullish potential , we need to see the MACD line cross above the signal line, which hasn’t happened yet. Until then, PEPE’s downtrend is likely to continue. At this stage, PEPE price is dangerously close to breaking its last major support level. At the moment, PEPE is much closer to breaking support than testing resistance, meaning a downside move is more likely unless buying volume increases dramatically. The biggest concern for PEPE holders is whether the token can recover , or if it will eventually fade away into irrelevance. PEPE is at a critical make-or-break moment . If buyers fail to hold $0.00000620 support, a major crash could occur, sending PEPE toward new lows. The RSI suggests oversold conditions, but MACD and price structure remain bearish, meaning any potential bounce could be short-lived. For risk-tolerant traders, buying at support zones may offer short-term opportunities, but long-term holders should proceed with caution. If PEPE does not regain bullish momentum soon, it may continue its slow decline—possibly toward zero.

Robert Sasu on X emphasizes the strengths of Proof-of-Stake (PoS) over Proof-of-Work (PoW). PoS dominates across security, decentralization, and economic efficiency. While PoW allows open participation, Delegated Proof-of-Stake (dPoS) also enables accessibility with minimal initial capital. However, broader distribution remains necessary for credibility. Enhanced governance, akin to Switzerland’s model, could improve decision-making and encourage participation. Blockchain’s power lies in decentralization , automation, and provable history. Consequently, cryptocurrency emerged from blockchain rather than vice versa. More development and public involvement are essential to maximize its potential. Justin Bons asserts that PoS outperforms PoW in all aspects. It offers superior security, fairness, and economic sustainability. He questions why PoW chains remain relevant when PoS technology has advanced significantly. Many still support PoW, possibly due to financial interests rather than logical reasoning. Despite PoW’s historical significance, PoS provides a more scalable and efficient framework for blockchain networks. The blockchain development team from Iron Fish was purchased by Base, a Layer 2 initiative supported by Coinbase. The acquisition is intended to increase Base’s ecosystem’s privacy. Zero-knowledge proofs, or zk-SNARKs, are utilized by Iron Fish, a proof-of-work blockchain with a privacy focus , to facilitate private transactions. The acquisition does not include Iron Fish’s blockchain or native token. Instead, it focuses solely on integrating the development team’s expertise into Base. This ensures Iron Fish remains independent while benefiting from Base’s privacy initiatives. Iron Fish confirmed the transition on X, stating its commitment to scaling privacy solutions. Founder Elena Nadolinski will retain her position on the Iron Fish Foundation board. This implies Iron Fish’s governance remains intact despite the team’s transition. Iron Fish launched its mainnet in 2023 after two years of incubation. However, it failed to fly. It raised $28 million in 2021 with support from Andreessen Horowitz to develop its privacy blockchain. Nevertheless, adoption problems were still present despite the capital. This acquisition marks a strategic shift for the Iron Fish team. It allows them to contribute privacy-preserving primitives to Base while maintaining Iron Fish’s autonomy. As blockchain privacy solutions advance, this move signifies a broader industry focus on security and user protection. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Stellar (XLM) traders are observing a key technical pattern as the asset trades near $0.27. Recent analysis suggests a descending triangle may drive a 20% price move. Critical support levels draw close attention. Ali_charts shared a tweet stating that XLM consolidates within a descending triangle. The tweet notes a potential 20% price move if the pattern completes. Analysts view the pattern as critical in setting future price directions. Market participants are closely monitoring this pattern for potential breakdowns or reversals in trends. #Stellar $XLM consolidates within a descending triangle, signaling a potential 20% price move ahead! pic.twitter.com/IzGdzuVPpA The technical chart displays a well-defined descending triangle. The formation shows lower highs and steady horizontal support. The pattern indicates that sellers defend a key price level between $0.274 and $0.275. This formation may signal a continuation of the current downtrend if the support level fails. Stellar trades at approximately $0.2697 at the time of writing amid a daily decline near 2.10%. The RSI stands at 37.20, nearing oversold territory. This reading indicates that selling pressure might be reaching exhaustion. Traders use the RSI to gauge market sentiment during consolidation phases. The MACD remains below zero with a small red histogram indicating caution. Market participants assess these indicators to decide their next moves. Volume has declined during this consolidation phase. Trading activity remains moderate as sellers and buyers balance pressure. A surge in volume could confirm a clear breakout or breakdown. Potential Price Scenarios Price may drop toward the $0.22 to $0.24 range if support at $0.265 fails. This bearish scenario follows a series of lower highs and declining volumes. Conversely, a breakout above the trendline could push XLM toward the $0.30 to $0.32 range. The technical outlook points to decisive price actions. Strong trader success depends heavily on tracking crucial boundary levels in the market. During the latest trading period, the volume exceeded $170 million. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

There will be many influencers claiming they shorted this move, most will have zero receipts and are full of 💩 be careful who you follow😉

$TIA Update Failed to break monthly level on the first attempt. The rejection seems to be making higher low here... I’m giving this until the end of the month - if we don’t see an impulsive move above the monthly level by then, I’ll start cutting exposure to zero.