PEPE Coin Faces Massive Decline but Sparks Social Media Frenzy

PEPE Coin plunges over 91% from its peak, officially entering a bear market after failing to sustain critical support levels between $0.000010514 and $0.000010079.

The sharp decline has shaken investor confidence with weekly charts showing persistent bearish momentum characterized by lower highs and lows.

However, the token’s price edged up 2.79% in the past 24 hours, signaling a mild rebound and steady buying interest near key support around $0.00000660.

PEPE Dominates Meme Coin Social Interaction Despite Price Drop

Data from LunarCrush on October 17, 2025, reveals PEPE leads meme coins with over 28,200 engaged posts and 3 million interactions in 24 hours.

This robust social media activity places PEPE at the top of meme coin online presence, outpacing notable competitors like TRUMP and DOGE.

TRUMP followed with 24,500 posts and 3.5 million interactions, while DOGE recorded 20,000 posts and 2.5 million engagements.

The sustained community engagement highlights PEPE’s enduring influence in the meme coin sector.

Other tokens such as PUMP, APE, and SHIB also maintain healthy engagement levels, indicating strong competitive momentum within the meme token space.

Technical Signals Hint at Potential PEPE Price Rally

Technical analysis indicates PEPE is consolidating around support, trading near $0.00000678, with resistance at $0.00000685.

The Relative Strength Index (RSI) sits at 32.65, nearing oversold territory which could temper bearish momentum, potentially paving the way for a rebound.

The Chaikin Money Flow (CMF) reading of +0.04 suggests modest buying pressure and capital inflow into PEPE.

Despite recent setbacks, these indicators hint at fading bearish pressure and possible recovery, though further weakness cannot be excluded unless PEPE reclaims its bull market support band.

The coin’s volatile price movements remain typical of sentiment-driven meme tokens, making it essential for investors to watch social sentiment and on-chain liquidity dynamics closely.