- PEPE price fell to $0.000018 on Wednesday, declining over 10% in the last 24 hours.
- Leveraged short positions on PEPE crossed $15.1 million, exceeding active long contracts by more than 85%.
- Technical charts suggest heightened risks of a breakdown below the $0.000015 support.
PEPE price plunged 10% to hit $0.000018 on Wednesday as traders rapidly cut back on high-risk memecoin exposure amid intense market turbulence. Derivative markets data show bear traders deploying high volumes of leverage to amplify profits amid macroeconomic uncertainty.
PEPE price losses $0.000020 support as bears gain foothold
PEPE price, along with other high-risk memecoins, experienced significant downward pressure on Wednesday. The market-wide sell-off was fueled by heightened macroeconomic uncertainty amid the United States (US) Federal Reserve’s (Fed) hawkish stance.
PEPE’s price dropped 10% over the past 24 hours, sliding from $0.000020 to a weekly low of $0.000018 by Wednesday.
The decline comes as broader crypto markets face downward pressure amid intensifying macroeconomic uncertainty.
Bear traders deploy $15 million leverage in hopes of further downside
The bearish momentum in PEPE has been driven by lingering market volatility following the Fed's hawkish signals in late December.
Concerns over reduced liquidity and tightened financial conditions have prompted traders to reduce exposure to high-risk speculative assets, such as memecoins.
Interestingly, PEPE bear traders have made strategic moves to earn amplified profits amid the latest crypto market upheaval.
The PEPE Exchange Liquidation Map reveals that cumulative short leverage positions have surged to $15.1 million, dwarfing active long positions of just $5.5 million by over 85%.
This imbalance indicates that the majority of traders are anticipating continued downside for PEPE, as bearish sentiment dominates the market.
Such a significant tilt toward short positions suggests that traders are aggressively leveraging their bets, hoping to amplify gains if the price drops further.
This strategy also aligns with the narrative that hawkish fed bets could see traders scaled down their exposure to memecoins like PEPE within the current macroeconomic landscape.
In summary, concentrated short positions signal expectations of increased selling pressure, a key catalyst that could trigger a further breakdown in PEPE prices in the coming days.
PEPE Price Forecast: Bears could force $0.000010 reversal
PEPE price is under mounting bearish pressure, currently trading at $0.000018 after losing 13.19% in a single trading session.
The chart shows a critical technical development as the 30-day Simple Moving Average (SMA) crosses below the 50-day SMA, signaling a bearish crossover and potential for continued downside momentum.
The steep increase in sell volume further reinforces bearish sentiment, with traders actively capitalizing on price weakness.
In the bearish scenario, a breakdown below the $0.000017 support level could trigger further declines toward the psychological $0.000015 threshold.
A failure to hold this level may open the door to a deeper correction, with bears eyeing $0.000010 as a long-term target.
Conversely, a bullish rebound hinges on the price reclaiming the $0.000020 resistance level, marked by the current 30-day SMA.
If PEPE regains this level, it could attract sidelined buyers and spark a recovery rally toward $0.000022.
However, for this scenario to materialize, a significant uptick in trading volume and a reversal of the SMA crossover signal are critical.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks

EOS 22% pump steals the show unveiling Vaulta’s web3 banking ecosystem
EOS, the token behind the recently rebranded Vaulta network, has increased by a staggering 22% in the last 24 hours.

Curve DAO Price Forecast: CRV bulls could aim for double-digit gains above key resistance
Curve DAO (CRV) price is in the green, up 8%, trading above $0.53 on Thursday after rallying nearly 15% so far this week.

Bitcoin price reacts as Gold sets fresh record highs after Trump’s reciprocal tariffs announcement
Bitcoin price plunges towards $82,000 as Gold soars past $3,150 after US President Donald Trump imposed new tariffs on Israel and UK, triggering global markets turbulence.

Bitcoin and top altcoins slide as Trump kicks off reciprocal tariffs
Bitcoin (BTC) and the entire crypto market saw a quick correction on Wednesday following President Donald Trump's reciprocal tariff announcements based on half of each country's respective rates.

Bitcoin: BTC remains calm before a storm
Bitcoin's price has been consolidating between $85,000 and $88,000 this week. A K33 report explains how the markets are relatively calm and shaping up for volatility as traders absorb the tariff announcements. PlanB’s S2F model shows that Bitcoin looks extremely undervalued compared to Gold and the housing market.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.