$PEPE 0.00000459—this level didn't hold.
Yesterday, a daily candle closed at 0.00000452, down from 0.00000537—a drop of about 16%. It wiped out all the gains from November 9–10 and even fell below the November 2 low.
▪️ Funding rate: 0.01% → -0.017% → recently -0.0039%
▪️ 1000PEPE open interest: about 23.8 billion on the afternoon of the 10th → about 21.4 billion now
▪️ Next reference level: October 30 low of 0.00000431
In the early hours today, the price moved sideways around 0.0000045, the funding rate pulled back, and open interest didn’t increase further. My read is that people chasing shorts are hesitating, but this is only an early sign of stabilization—not a reversal.
Do you see this consolidation as building strength or just catching its breath?
#PEPE #Meme coin
Yesterday, a daily candle closed at 0.00000452, down from 0.00000537—a drop of about 16%. It wiped out all the gains from November 9–10 and even fell below the November 2 low.
▪️ Funding rate: 0.01% → -0.017% → recently -0.0039%
▪️ 1000PEPE open interest: about 23.8 billion on the afternoon of the 10th → about 21.4 billion now
▪️ Next reference level: October 30 low of 0.00000431
In the early hours today, the price moved sideways around 0.0000045, the funding rate pulled back, and open interest didn’t increase further. My read is that people chasing shorts are hesitating, but this is only an early sign of stabilization—not a reversal.
Do you see this consolidation as building strength or just catching its breath?
#PEPE #Meme coin