The crypto market is in a December slump, thanks to the U.S. Fed’s 25 bps rate drop. Meme coins like $PEPE , highly volatile and speculation-driven, are taking a massive hit 📉. The recent whale activity is adding fuel to the fire. Could this be the beginning of a meltdown? Let’s dive in! 👀
Key Insights 🐸
📌 Bearish Patterns: A double-top reversal is forming signals a potential crash below $0.00001!
📌 Support Zones: Investors eye $0.000017-$0.0000128 (100-200 EMA) for recovery.
📌 Weak RSI: Bearish divergence suggests fading bullish momentum.
Whale Moves Shake Market 🌊
A whale moved 150B PEPE tokens (worth $2.72M) to Binance amid falling prices. This comes after their 150B PEPE ($2.94M) and 60B $SHIB ($1.52M ) withdrawals in November.
📊 Unrealized Losses: The whale faces $219K losses on PEPE and $136K on SHIB. If panic spreads, more sales could trigger a 55% nosedive for PEPE to $0.0000077!
What to Watch 🔍
⚡ PEPE’s neckline support at $0.0000172 a breach could amplify selling.
⚡ Bearish divergence + double-top patterns = heightened risk of prolonged correction.
With PEPE down 22% in 48 hours, the meme coin market is bleeding. Is this a temporary setback or a full-blown crash? Stay vigilant, and remember—timing is everything in crypto! ⏳
