• The count of substantial PEPE transactions decreased dramatically from 1,520 to just 155 over the past three months.
• PEPE’s value plummeted by over 37%, despite a notable increase in trading volume of more than 60% within a month.

PEPE experienced a sharp decline in large transaction numbers, dropping from a peak of 1,520 to a mere 155 in the last three months. This downturn in activity paralleled a significant drop in PEPE’s value from $0.000026 to $0.000010 during the same timeframe.

Historically, a decrease in major transactions often indicates waning interest or liquidity, which can lead to price declines, as evidenced between early December and February.

The number of large transactions peaked in early December, reaching 1,520 as the price climbed to $0.000026. However, as large transactions dwindled, the price also fell, suggesting a potential link between transaction volume and price stability.

Source: Ali/X

This downward trend culminated at the end of February, when large transactions dwindled to just 155, signaling decreased trading activity and potentially lower market confidence, which further pressured PEPE’s price.

This historical trend illustrates how significant fluctuations in transaction volume can directly influence asset values in the cryptocurrency market.

What Lies Ahead for PEPE’s Price Movement?

With a price reduction of more than 37% in the past month while trade volume increased by over 60%, PEPE may be poised for another downturn, indicating a potential sell-off within the Futures market.

Recent assessments of the PEPE/USDT pair on Binance show the price gravitating toward support levels between $0.0000620 and $0.0000420, with the current trading price around $0.0000924. Additionally, PEPE trading below the 200EMA further supports this downward trend—reflecting prevailing bearish sentiment.

The On-Balance Volume (OBV) metric, currently at 1.699T, has been declining alongside price values, reflecting persistent selling pressure. This negative divergence often points to potential further declines on the price charts.

Source: TradingView

Nonetheless, the price remains at a critical support level, which might serve as a foundation for a potential reversal if buying interest picks up. Should this support hold, PEPE could rebound towards the resistance threshold of $0.0001.

Conversely, if the price breaks below $0.0000774, it could pave the way for further declines, potentially reaching new lows around $0.000062. The current low reading of the OBV could either precede a rebound if it reverses or confirm a deeper decline if it continues to slide.

In/Out of the Money Around Current Price

Examining the “In/Out of the Money Around Price” metric reveals that 36.68% of holders are in profit, contributing to $259.54 million. This situation offers potential support at lower price levels, as this group might stabilize the market if prices fall.

PEPE holders who purchased above the current price, comprising 57.47% and totaling $406.59 million, suggest possible resistance at higher price points. They might choose to sell to limit losses or hold out for a price recovery.

Source: IntoTheBlock

Among those holders near the breakeven point, 5.85% represent approximately $41.37 million. A substantial number of holders remain “out of the money,” which suggests potential selling pressure if prices attempt to rise.

This scenario could limit upward movement unless robust buying activity emerges to propel prices above these thresholds.