Pepe (PEPE) has seen its trading volume collapse in recent days, as the third-largest meme coin by market cap struggles under sustained bearish pressure. This sharp cooldown adds weight to a bearish PEPE price prediction , but the real question is, how much further could it fall? Data from CoinMarketCap shows that $2.2 billion worth of PEPE exchanged hands on July 18 as the price rose above $0.00001400. Less than a month later, only $400 million worth of the token was traded. As of yesterday, PEPE’s trading volumes closed at $600 million, meaning a 73% drop compared to that mid-July peak. Open interest in PEPE’s futures has experienced a dramatic drop as well. After hitting a record of $1 billion traded on July 22, the meme coin’s OI has now dropped to $590 million. In the past 7 days, this meme coin has dropped by 7.95% while its 30-day gains sit at just 2.8%. Despite the drop, PEPE has still managed to maintain a $2 billion distance from Pudgy Penguins (PENGU) at the third spot in the meme coin category and it is unlikely that the latter will flip it anytime soon. Pepe Price Prediction: PEPE Could Drop to $0.0000090 as Negative Momentum Accelerates Looking at the 4-hour chart, PEPE has bounced off the $0.000010 level recently. It has apparently made a double-bottom but this pattern has not been confirmed yet. For that to happen, the price would have to rise above $0.000011. This bounce could push PEPE to retest the nearest area of resistance at $0.00001175. However, the dominant trend is bearish, so there’s no evidence that supports a bullish PEPE price prediction even if the price recovers to this level. A break below $0.000010 will favor a bearish PEPE price prediction with a first target set at around $0.0000090. Although a move to $0 is highly unlikely, negative momentum dominates the price action at the time and could push this meme coin to its late-June lows. With much of the market pulling back, long-term investors face a choice — sit tight or take advantage of discounted prices. For those leaning into the opportunity, Best Wallet (BEST) is quickly becoming the go-to option for secure storage, and its crypto presale has already raised over $15 million to expand its ecosystem. Best Wallet (BEST) Offers Multichain Support and Low Fees for Swaps Best Wallet (BEST) is an innovative crypto wallet that supports assets within 60 different blockchains and offers low fees for token swaps. The project has rolled out powerful tools that set it apart from other wallet providers and position it as a serious player in the next wave of crypto adoption. One standout feature is the Upcoming Tokens tab, which gives users early access to the most promising presales before they go mainstream. But that’s just the beginning. The team is building a full ecosystem around the $BEST token, including a decentralized exchange (DEX) and a crypto debit card that lets users spend their assets in the real world. As the user base continues to grow, demand for $BEST is expected to surge, especially since holders get exclusive perks like reduced swap fees and access to premium features. To buy $BEST before its next price increase, head to the Best Wallet website and connect your wallet. If you don’t have one yet, you can download the Best Wallet app and purchase tokens by swapping USDT or ETH, or simply use a bank card to invest directly. Click Here to Participate in the Presale The post Pepe Price Prediction: Trading Volume Crashes 90% – Is PEPE Going to $0? appeared first on Cryptonews .
