{"id":60805,"date":"2025-10-08T18:42:42","date_gmt":"2025-10-08T18:42:42","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/pepe-price-falls-6-to-key-support-level-amid-memecoin-weakness\/"},"modified":"2025-10-08T18:42:42","modified_gmt":"2025-10-08T18:42:42","slug":"pepe-price-falls-6-to-key-support-level-amid-memecoin-weakness","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/pepe-price-falls-6-to-key-support-level-amid-memecoin-weakness\/","title":{"rendered":"PEPE price falls 6% to key support level amid memecoin weakness"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/pepe-price-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/pepe-price-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/pepe-price-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/pepe-price-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>PEPE price dropped 6% to lows of $0.0000088, testing critical support at $0.0000090.<\/li>\n<li>The broader memecoin market fell 5%, with DOGE, SHIB, and others hit by macroeconomic pressures and reduced liquidity.<\/li>\n<li>PEPE\u2019s recovery depends on holding support and renewed social momentum, amid ongoing sector volatility and regulatory risks.<\/li>\n<\/ul>\n<p>PEPE, the Ethereum-based memecoin, experienced a 6% decline in 24 hours as bears emerged.<\/p>\n<p>The losses, coming amid overall market sell-off, saw Pepe test a critical support threshold.<\/p>\n<p>Memecoin weakness means other tokens in the sector also witnessed dips.<\/p>\n<h2>PEPE declines to test key technical zone<\/h2>\n<p>As highlighted, the price of PEPE dipped 6% over the past 24 hours to reach almost $0.0000088.<\/p>\n<p>This meant bulls brushed against a key support level below which more pain could follow.<\/p>\n<p>Interestingly, the downward action came with a dip in intraday trading volume to $658 million.<\/p>\n<p>The 12% decrease from the previous day aligned with bulls\u2019 resilience as buyers sought accumulation.<\/p>\n<p>The token nonetheless is near the oversold territory, with the Relative Strength Index at 36.<\/p>\n<p>Such an outlook is always a signal for a potential bounce if buying interest resurfaces.<\/p>\n<figure id=\"attachment_340472\" aria-describedby=\"caption-attachment-340472\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-340472\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/10\/PEPEUSDT_2025-10-08_18-29-43.png\" alt=\"\" width=\"1057\" height=\"571\"\/><figcaption id=\"caption-attachment-340472\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/PEPEUSDT\/\" target=\"_blank\" rel=\"noopener\">Pepe chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>Support at $0.0000090 remains and aligns with prior consolidation zones.<\/p>\n<p>The area now serves as a psychological bulwark.<\/p>\n<p>On the upside, a bounce from the lows occasioned by profit-taking will awaken social media buzz.<\/p>\n<p>Meantime, investors will keenly monitor whale activity, as large holders offloading or buying points to a potential uptick or downturn.<\/p>\n<h2>Broader memecoin sector grapples with persistent weakness<\/h2>\n<p>PEPE sentiment is a result of a wider weakness affecting the memecoin sector, which has shed nearly 5% in aggregate value this week.<\/p>\n<p>The total meme coin market capitalization is now below $82 billion.<\/p>\n<p>Dogecoin (DOGE) and Shiba Inu (SHIB) also experienced a decline, albeit a minor one in the context of the past 24 hours.<\/p>\n<p>Bonk (BONK) and Popcat also pared some gains amid widespread profit-taking.<\/p>\n<p>This collective retreat stems from a confluence of macroeconomic headwinds, including the US Federal Reserve\u2019s signals on interest rates.<\/p>\n<p>Government shutdown is also a factor. Bitcoin, which shot to an all-time high above $126,000 this week, <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-dips-below-122k-after-16-rally-altcoins-follow-as-analysts-eye-rebound\/\">dropped to $122,000<\/a> before seeing a slight uptick ahead of the FOMC minutes on Wednesday, Oct. 8.<\/p>\n<p>The memecoin sector\u2019s inherent volatility could increase if markets see a fresh downturn.<\/p>\n<p>Notably, trading volumes for top memecoins have contracted by an average of 3.4% on the day.<\/p>\n<p>But despite the diminished liquidity, analysts are upbeat amid calls for an altcoin season.<\/p>\n<p>The memecoin arena remains robust, with viral whims likely to swiftly turn underperforming tokens into overall outperformers.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/pepe-price-falls-6-to-key-support-level-amid-memecoin-weakness\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) PEPE price dropped 6% to lows of $0.0000088, testing critical support at $0.0000090. The broader memecoin market fell 5%, with DOGE, SHIB, and others hit by macroeconomic pressures and reduced liquidity. PEPE\u2019s recovery depends on holding support and renewed social momentum, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":60806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/60805"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=60805"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/60805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/60806"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=60805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=60805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=60805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}