PEPE Price Slips Into Danger Zone: Are Bears Taking Full Control?

• PEPE faces rising selling pressure as whales reduce holdings and exchange supply increases.
• Negative funding rates and falling Open Interest reflect weakening trader confidence.
• Losing key support could trigger another 20% decline toward lower price levels.

PepeCoin — PEPE, has entered a critical phase after recent selling pressure erased much of last month's recovery. Market sentiment has weakened as traders reduce exposure and large holders trim positions. Technical signals now point toward an important support test. A failure to defend this level could trigger another sharp decline. The coming sessions may decide whether buyers regain confidence or sellers extend control across the meme coin market.

Weak Sentiment Weighs on PEPE

PEPE remained stable on Tuesday after falling nearly 5% during the previous session. Despite that pause, several market indicators continue favoring the bears. Retail participation has slowed, while speculative demand keeps fading. CoinGlass data shows futures Open Interest dropped almost 15% alongside Monday's decline. Lower Open Interest often reflects fewer active positions across the derivatives market. That trend usually signals weaker trader confidence rather than fresh buying interest.

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