Pepe the Frog, once king of the memecoin swamp, is feeling the heat. Recent price plunges have triggered a liquidity cascade, sending shockwaves through major crypto wallets. Ominous whispers from technical indicators and on-chain data point to a continued descent. Is this the end for PEPE, or can the resilient amphibian bounce back from the brink? The clock is ticking as it approaches a make-or-break moment.
PEPE teeters on the precipice. The market winds have shifted, blowing a gale of bearish sentiment directly at its fragile form. Unless the bulls charge with unwavering force, PEPE risks being swept away into a deeper abyss. Failed defense after failed defense, coupled with a relentless wave of selling pressure, paints a grim picture. All eyes are glued to the chart, waiting to see if PEPE will sink or swim.
Liquidation Cascade Adds Fuel to the Fire
Crypto Whale Gets REKT: $1M PEPE Long Liquidated!
James Wynn, identified by Lookonchain, just learned a harsh lesson about leverage. His separate wallet, housing a massive PEPE long position, was brutally liquidated, wiping out over $1 million! The carnage left a paltry $14,850 in its wake. Ouch.
As PEPE’s price support crumbles, Wynn joins the ranks of forced sellers in a cascading liquidation event. This high-profile wipeout underscores the perilous risks of leveraged plays in today’s turbulent crypto seas.
Related: PEPE Eyes Breakout: Can It Conquer Resistance to Reach $0.00001100?
Beyond the carnage, a chill wind is blowing through the crypto markets, eroding trader faith with every cascading liquidation. Each margin call triggers a domino effect, as fear compounds fear, turning markets into an avalanche of sell orders across every exchange.
Crypto Whale Washed Out: James Wynn (@JamesWynnReal) sees his $PEPE long position liquidated in another wallet, plummeting from over $1M to a mere $14,850. A painful lesson in meme coin volatility. [Link to Tweet][Link to Image]
Lookonchain (@lookonchain) August 1, 2025
Technical Signals Turn Cautious
PEPE’s flirting with disaster. Crypto analyst Ali Martinez warns that unless the meme coin can claw its way back above $0.0000118, expect a full-blown bearish plunge. Currently languishing at $0.00001041 – a painful 10% drop in the last day alone – PEPE bulls need to act fast, or risk watching their precious frog asset croak.
PEPE teeters on a knife’s edge. Bulls must reclaim $0.0000118 or risk a plunge towards $0.00001080, potentially bottoming out near $0.00000970. A chilling trend emerges: since peaking at $0.00001450, PEPE has carved a path of descending peaks and valleys, signaling a persistent bearish momentum.
“The $0.00001170 mark is the line in the sand. Without a cavalry charge from the bulls, the bears remain firmly in control. A slip below $0.00001080 could unleash a torrent of selling, cementing the bears’ reign.”
$PEPE needs to reclaim $0.0000118 as support to avoid a potential drop to $0.0000097! pic.twitter.com/zLshQB3irL
Ali (@ali_charts) August 1, 2025
Triangle Consolidation Hints at Imminent Volatility
Token Talk analysts spot a coiled spring ready to launch. A symmetrical triangle has emerged on the daily chart, trapping the price in a tightening grip. Will support at $0.0000108-$0.0000115 hold, or will this consolidation ignite the fuse for an explosive breakout? The market holds its breath.
Source: X
“Fortify this zone, and watch the fireworks! A decisive break above the upper trendline could launch a rocket towards the $0.0000130-$0.0000145 target zone.”
Related: PEPE Breaks Out of Consolidation, Eyes $0.00002 Target
However, a break below the support level could confirm the bearish trend, potentially triggering a sharp price decline. The market’s behavior in the coming days will be pivotal in determining the next major price movement.
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