2025-12-23 03:27:51

Looking at this wave of market, it's quite interesting. Bitcoin was at $855,000 last Friday, and by Monday it rebounded directly to $897,000, an increase of 5%. Logically, the whole market should benefit from it. But PEPE just doesn't cooperate, falling another 2% in 24 hours, and has already retreated nearly 21% from its December high, which is really令人唏嘘.

**Why is PEPE so "unappreciative"?**

According to Coinalyze data, since December 20, the open contracts for PEPE have been continuously shrinking, dropping from 121.5 million dollars to 114.5 million dollars. As for the price, it has been consolidating sideways in the short term, and the market clearly lacks bullish enthusiasm. Earlier analysis indicated that the long-term trend for PEPE is bearish, and no reversal signal has appeared as of now.

**What does the K-line indicate?**

On the daily chart, last Wednesday PEPE was once again smashed through the bearish structure, and the supply zone of $0.000044 to $0.000050 (which was the previous resistance level) has now become the ceiling. Any attempts to rebound above this are likely to be suppressed by the bears. The RSI value is only 40, and the Accumulation/Distribution indicator has been declining since November, indicating significant selling pressure.

The situation on the hourly chart isn't much better—bearish structure is clear at a glance, and the RSI is also weak. Although there have been rises and falls in the past few days, the amplitudes are getting smaller and smaller. To put it bluntly, the selling pressure hasn't been fully digested yet, and the market is consuming energy.

**Is there a chance for a rebound in the short term?**

To be honest, it has been almost invisible recently. The momentum and trading volume across all time frames point to a bearish trend, and even with a 5% rise in Bitcoin, PEPE remains unmoved. To see a real reversal, we still need to wait for clear signals from the fundamentals or trading volume.

BTC-0.39%

PEPE0.05%

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GasWastingMaximalist

· 12-23 03:58

This kind of trend of PEPE is indeed a bit absurd. Bitcoin has risen to the sky, and it's still falling there. I'm really speechless. --- The open contracts have been shrinking, which indicates that long positions have given up. --- Wait a minute, the RSI is only 40. Is this really the rhythm of hitting the bottom? --- The bearish structure is so obvious, there really isn't much room for operations in the short term. Let's just wait and see. --- The supply zone has become a ceiling, which is really a bit tragic. Short positions are controlling the entire rhythm. --- Bitcoin has already pumped 5%, and PEPE is still unmoved. How bearish must one be? --- The volume has been consistently low, and reversal signals have not appeared for a long time. Is this the rhythm to continue probing the bottom? --- Laughing to death, since November, the selling pressure has not been digested at all. Consuming energy? I'm afraid the energy has been completely consumed. --- It has been downhill since December, and now it has retraced by 21%. Is there really anyone who dares to buy the dip? --- There must be obvious signals in the fundamentals or volume. Right now, short positions are still controlling the entire scene.

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BasementAlchemist

· 12-23 03:30

Pepe is really incredible, BTC has risen 5% and it's still falling, showing no respect at all. --- I'm kind of thinking about buy the dip but looking at this K-line, I really have no courage. --- The open contracts are sliding down, this is a signal of a Rug Pull. --- Why does it feel like Pepe is here to play people for suckers now, and the reversal is nowhere in sight? --- Wait, is this supply zone really that strong? Every rebound gets smashed down. --- To put it bluntly, the volume hasn't come in, and the short positions are still having their meal, so why the rush? --- After looking at the technicals for a long time, it feels like they're all saying the short positions have won, so what should I hold onto? --- BTC rises while Pepe falls, this is ridiculous, they are completely two different worlds.

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