PEPE continues to be under pressure, with open contracts shrinking and strong selling pressure on the technical side.

2025-12-23 01:20:12

[Coin World] PEPE continues to weaken. It has fallen by 2% in the past day, and from the peak in December, it has already experienced a 50% Slump of over 20%, with a decline of nearly 21%. Interestingly, Bitcoin has rebounded by 5%, but PEPE has not followed suit and is even dropping further.

From the contract perspective, it is clearer – on December 20, the open interest was still at $121.5 million, but now it has only $114.5 million left, a reduction of about $70 million. What does this indicate? The selling pressure is still accumulating, and no one dares to take over.

The technical indicators are quite distressing as well. Both the daily and hourly charts reveal the same signal: the sellers are in control of the pace. The RSI has fallen to 40, which is clearly in the weak zone; the A/D indicator has been consistently declining, indicating significant selling pressure.

If you are contemplating selling points, you can keep an eye on a few key resistance levels - $0.0000420, $0.0000452, and $0.0000476. These areas may encounter resistance when rebounding.

PEPE-2.42%

BTC-1.09%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
5
Repost
Share

Comment

0/400

ApyWhisperer

· 12-23 01:47

This wave of pepe is really a bit tragic, even the bt rebound can't pump it, come on. The contract exploded with a reduction of 70 million, to put it bluntly, no one wants to take it, this game can't be played. The RSI is already at 40, who dares to buy the dip? I feel it's precarious. With such strong selling pressure, where is the bottom? The short positions are having fun, while we are still in a dilemma.

View OriginalReply0

MintMaster

· 12-23 01:45

Pepe is really unwanted this time, not even the BTC rebound can pump it, it's a bit hopeless. A more than 20% 50% Slump and still going down, how fierce must the selling pressure be? A direct reduction of 70 million in open contracts? It shows that Large Investors have all run away, and retail investors can't hold on. RSI at 40 is too uncomfortable, it feels like it still needs to explore the bottom.

View OriginalReply0

AirdropHunterXM

· 12-23 01:40

PEPE really can't hold on anymore, BTC has already rebounded and yet it's still falling, ridiculous The fact that no one is catching a falling knife is the most heartbreaking, a shrinkage of 70 million contracts what does that indicate RSI falling to 40 at this position is indeed too weak, it's hard to watch

View OriginalReply0

DegenDreamer

· 12-23 01:39

This wave of PEPE is really tragic, BTC has already rebounded but it's still falling, ridiculous. The open contracts have shrunk by 70 million, indicating that everyone is rug pulling. RSI is already at 40 and you still want to buy the dip? I think it's unlikely. This round of decline feels just like the beginning, don't rush to catch a falling knife. The technicals are all in the red, with such heavy selling pressure, who dares to buy the dip? Why is PEPE so disappointing, it can't even keep up with the aftershocks of BTC. Retail investors are running away from contracts, that's the most terrifying signal. Is this the prelude to another drop to zero? A bit scary. It seems like it will continue to fall, and I don't know where the bottom is. It always feels like the resistance level might break, it's better to be a bit cautious with shorting.

View OriginalReply0

GateUser-0717ab66

· 12-23 01:38

Wow, PEPE really has no hope, BTC has rebounded and it's still lying in the sand? Who can withstand this? No one dares to buy the dip for PEPE this time, with contracts shrinking by 70 million, it's clear that retail investors have all run away. RSI at 40 and still dare to buy the dip? I advise you to give up on that, buddy, there’s not a single good signal on the technical side. A slump of more than 20%, is this just the beginning? It feels like there’s still room to go down. With such heavy selling pressure and all indicators in the red, I really don’t know who would still dare to enter a position at this level. Why aren’t the Jeets talking? They’re all hiding now. At this point, looking at the resistance level is useless, we need to wait for the bottom signal first.

View OriginalReply0

Trending TopicsView More
#2025GateYearEndSummary
67.04K Popularity
#CryptoMarketMildlyRebounds
26.43K Popularity
#GateChristmasVibes
10.02K Popularity
#SantaRallyBegins
3.44K Popularity
#CreatorETFs
2.4K Popularity

Hot Gate FunView More

1
我好想你我好想你
MC:$3.51KHolders:1
0.00%
2
123456789012GTGT
MC:$3.53KHolders:1
0.09%
3
PINKPink underwear
MC:$3.5KHolders:1
0.00%
4
Han百大风云人物
MC:$3.63KHolders:2
0.49%
5
404404 Fund Not Found
MC:$3.53KHolders:1
0.00%

Sitemap