cPen Network’s native token ($CPEN) finally made its long-awaited debut on BitMart at 03:00 PM UTC on April 10, 2025. But instead of rallying, the token tumbled in a steep drop that shocked early buyers.

The token opened at $0.003000, but within hours, it lost over 77% of its value, trading near $0.000730. The sharp decline left the community questioning whether cPen would rebound or continue its slide.

Premature Listing Added Fuel to the Fire

A testnet-related listing mistakenly appeared for $0.001000 two days before the official launch. Although unintentional, the listing gave early visibility to the token and stirred pre-launch speculation. Unfortunately, it also intensified volatility as trading opened, leading to quick profit-taking and panic selling.

Now, with the launch behind us and the price heavily discounted, traders are watching closely for any signs of a recovery.

CPEN Technicals Show Oversold Conditions, But Bulls Remain Hesitant

On BitMart’s 15-minute chart, CPEN shows a clear pattern of heavy post-listing sell-off. The Relative Strength Index (RSI) sits at 35.69, signaling that the token is in oversold territory—but the buying momentum hasn’t returned just yet.

The market shows low volume and sideways movement, indicating indecision among traders. Most retail participants wait for a technical breakout or a catalyst event before moving.

Key Support and Resistance Levels to Watch

Here’s where CPEN might move next, based on technical analysis:

Resistance Zone

• $0.000950 – $0.001000
  If buyer interest returns, this zone could become the launchpad for a short-term recovery. A decisive break above $0.001000 may flip sentiment to bullish.
  

Support Zone

• $0.000650 (critical level)
  
• $0.000450 (worst-case retest)
  If selling continues and buying fails to support current levels, these zones could become the next targets for downside risk.
  

Upcoming WEEX Listing Could Be a Turning Point

The cPen Community has announced a new exchange listing on WEEX, scheduled for April 15, 2025, at 09:00 UTC. This second-tier listing could bring fresh exposure, liquidity, and renewed momentum.

If the WEEX listing attracts new buyers, CPEN might recover lost ground. Cross-exchange exposure typically leads to stronger price discovery and increased trading interest—key ingredients for a rebound.

Could Binance, Bybit, or Bitget Be Next?

Speculation is already building around whether CPEN could appear on major exchanges like Binance, Bybit, or Bitget shortly. If one of these platforms announces support, the token could:

• Attract thousands of new holders
  
• Gain wider market visibility
  
• Benefit from increased trading volume
  

A price surge back to $0.003000—or beyond—is entirely possible in that scenario.

CPEN Price Forecast: What Comes Next?

Let’s break down the potential outcomes:

Bullish Scenario

If volume rises after the WEEX listing and support holds, CPEN could climb back to $0.000950 – $0.001000.

Bearish Scenario

If volume stays low and sentiment weakens, CPEN could fall further, testing $0.000600, and in a worst-case dip, possibly revisit $0.000450.

Read Also: cPen Debuts on BitMart Today—Will Trump’s Tariff Turbulence Boost or Break Its Launch Price?

Final Verdict: Should You Watch CPEN?

Despite the rocky start, cPen Network still has potential. The token was launched with a strong community, active developer support, and increased exchange visibility. While its price action has spooked early traders, the fundamentals and upcoming listings may provide a chance for a reversal.

If you’re willing to weather some volatility, CPEN might be one of the more interesting underdogs to track in Q2 2025.