Support at $0.00000255
The $0.00000255 price is a critical support level for PEPE. A drop below that could open the door to $0.00000223. That's a significant move from the current range, and it could trigger a wave of selling. Traders are watching this level closely.
Open interest slides 5%
Open interest, the total number of outstanding derivative contracts, fell 5% in 24 hours. That means traders are unwinding positions rather than building new ones. It's a bearish signal, especially when momentum is already negative. The combination suggests leveraged bets are being cut, which could add to the downside pressure.
Bitcoin's ceiling
Bitcoin is also having a hard time. It's battling resistance
