{"id":855,"date":"2025-04-02T01:42:08","date_gmt":"2025-04-02T01:42:08","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/855\/"},"modified":"2025-04-02T01:42:08","modified_gmt":"2025-04-02T01:42:08","slug":"pepe-recovers-ground-but-can-it-escape-bearish-shadows","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/855\/","title":{"rendered":"PEPE recovers ground, but can it escape bearish shadows?"},"content":{"rendered":"<p>\u00a0<\/p>\n<ul>\n<li>The PEPE price action showed that the bearish trend might be ending.<\/li>\n<li>Three-to-six-month holders endured large losses, and on-chain activity was drying up for Pepe.<\/li>\n<\/ul>\n<p>The <a href=\"https:\/\/ambcrypto.com\/category\/memecoins\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">memecoin<\/a> market continued to suffer under the yoke of the bears. Over the past thirty days, the memecoin <a href=\"https:\/\/coinmarketcap.com\/view\/memes\/\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">market cap<\/a> has fallen by 15.1%.<\/p>\n<p>Its daily trading volume was 20% lower than what it was a week ago, and 45% lower than the daily volume from a month ago.<\/p>\n<p>As one of the major memes, <a href=\"https:\/\/ambcrypto.com\/predictions\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Pepe [PEPE]<\/a> has not escaped this <a href=\"https:\/\/ambcrypto.com\/pepe-will-whale-interest-reverse-the-memecoins-60-loss\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">bearish onslaught<\/a>.<\/p>\n<p>While it was only 4% within the past month, it has seen its share of volatility. Its March high and low were at $0.0000092 and $0.0000057, respectively. This was a 76% difference measured from bottom to top.<\/p>\n<p><strong>Failing on-chain activity and lack of accumulation hurt PEPE\u2019s bullish chances<\/strong><br \/>\n<a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/MD-3-PEPE-activity.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-479680\" class=\"wp-image-479680 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Pepe Active Addresses\" width=\"1609\" height=\"689\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/MD-3-PEPE-activity.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-479680\" class=\"wp-caption-text\">Source: IntoTheBlock<\/p>\n<p>The 7-day change of the new <a href=\"https:\/\/ambcrypto.com\/category\/altcoins-news\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">PEPE<\/a> addresses, active addresses, and zero-balance addresses were all negative. Zooming out further, we can see the daily active addresses metric has been falling since the 20th of January.<\/p>\n<p>The new addresses count had a spike on the 21st of February, but has dwindled since then.<\/p>\n<p>The lack of activity on-chain was a concern, and it also showed that there was low demand for PEPE.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/MD-3-PEPE-santiment-comp.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-479681\" class=\"size-full wp-image-479681\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Pepe Santiment\" width=\"2560\" height=\"867\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/MD-3-PEPE-santiment-comp.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-479681\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/app.santiment.net\/s\/kpHFHJQS\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">Santiment<\/a><\/p>\n<p>The 90-day and 365-day MVRV ratios were both deeply negative, especially the latter. It showed medium to long-term holders were suffering. At the same time, the Mean Coin Age acked a strong trend in either direction over the past six weeks.<\/p>\n<p>This suggested a lack of accumulation, but also that selling pressure from longer-term holders was waning. This could be good news for investors looking to buy PEPE.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/MD-3-PEPE-price.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-479689\" class=\"size-full wp-image-479689\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Pepe 1-day Chart\" width=\"1940\" height=\"1010\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/MD-3-PEPE-price.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-479689\" class=\"wp-caption-text\">Source: PEPE\/USDT on TradingView<\/p>\n<p>Since March, Pepe\u2019s downtrend on the 1-day chart has shown signs of weakening. Over the past three weeks, the price has not formed a new lower low and has tested the local resistance level at $0.00000883.<\/p>\n<p>The MACD has moved higher and is approaching the zero line, though it has yet to confirm a bullish crossover.<\/p>\n<p>Meanwhile, the CMF remains in neutral territory, indicating that capital flow is balanced between buyers and sellers.<\/p>\n<p>Although network metrics reveal holders at a loss and reduced on-chain activity, the price action chart suggests consolidation.<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/toncoin-whale-activity-surges-261-prices-reach-new-high-whats-next\/\" rel=\"prev noopener\" data-wpel-link=\"internal\" target=\"_blank\">Toncoin: Whale activity surges 261%, prices reach new high \u2013 What\u2019s next?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"\u00a0 The PEPE price action showed that the bearish trend might be ending. Three-to-six-month holders endured large losses,&hellip;\n","protected":false},"author":2,"featured_media":856,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-855","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114265833093176464","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=855"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/856"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}