Key Liquidation Data for PEPE
Analysis from Hyblock Capital, shared by crypto analyst @_Crypto_glass on X, reveals significant imbalances in leveraged positions for PEPE on Binance's USD-M perpetual futures. The data indicates that long liquidation levels are at 1061, substantially higher than the 398 short liquidation levels. This asymmetry suggests that bullish traders holding leveraged long positions are at a higher risk of liquidation.
The density of overhead liquidation clusters poses a risk of cascading liquidation events. A key support level identified is around $0.000050, which could serve as a potential zone for a rebound.
Recent Price Action and Selling Pressure
Over the past five days, from January 14 to January 18, PEPE has experienced a steady price decline. The price dropped from approximately 0.000065 USD to around 0.000055 USD. During this period, liquidation heat maps, which pinpoint areas of concentrated liquidations, showed significant red and orange zones above the current price.
The HYBLOCK delta bar further confirms selling pressure. An initial positive delta on January 14 quickly shifted to persistent red bars, indicating that net selling volume consistently exceeded net buying volume. This trend aligns with broader market sentiments where meme coins often amplify Bitcoin's movements but are susceptible to sharp declines due to retail over-leverage during corrections.
Critical Support and Future Outlook
For PEPE holders, the current data serves as an important indicator of market risk. While PEPE has historically thrived on community support and viral hype, the evolving Web3 ecosystem emphasizes the need for risk management tools.
Analysts are closely watching the support level at 0.000050 USD. Thinner liquidation lines at this level could potentially offer a rebound opportunity if market sentiment shifts favorably. Traders who monitor daily updates on liquidation maps, often available through premium communities, may find valuable insights for identifying potential entry points.
As PEPE approaches critical support levels, the market is watching to see if buyers will step in to defend the price or if short-sellers will continue to pressure the market. With the overall cryptocurrency market cap stabilizing, PEPE's future performance may be influenced by upcoming catalysts such as ecosystem developments or endorsements from key figures.