PEPE Price Drops to $0.00000345 Amidst Lack of Volume Conviction

PEPE, a meme-coin, is trading at $0.00000345 on Monday morning, down 14% from its weekly peak and nearly 88% below its all-time high of $0.00002803 in December 2024.

The frog's price drop is due to the lack of volume conviction, with only $34 million traded on Binance spot in a single session, compared to the mid-week surge that drove the August squeeze. The momentum indicators are also telling a similar story, with the RSI sitting in the mid-50s but having collapsed from above 79 just days ago.

The key levels exposed show that the first serious floor worth watching is around $0.0000033-$0.0000031, where buyers stepped in aggressively during early August before the squeeze materialized. A clean daily close below $0.0000031 opens the trapdoor to $0.0000026-$0.0000027.

The fear and greed index sits at 69, firmly in greed territory, but this is actually a problem for PEPE bulls as it signals sector-specific rotation out of meme exposure, not broad market weakness.