🚨 PEPE Price Prediction🥵🔥: Whale Dumping⚡ Bearish Outlook 🔥🔥
🔴Pepe (PEPE), the popular meme coin, is preparing for a significant price drop 📈 after forming a bearish head and shoulders pattern 🔥 on the daily chart.
🟩This bearish outlook follows a massive dump by a whale 🤑 with 427 billion PEPE worth $8.5 million on the Kraken exchange.
📊 Highlights:
🔴Whale dumping: 427 billion PEPE worth $8.5 million
🔵The whale still holds 1 trillion PEPE with a profit of $2 million
🔴PEPE's open interest decreased by 15%
🔵Trading volume increased by 10% in the past 24 hours
📈 Technical Analysis:
🟩Bearish head and shoulders pattern on the daily chart
🟪Support level at $0.0000166 is weakening
⬜Potential drop of 20% to $0.000013
🟩RSI near overbought territory, indicating potential bullish momentum
⚠️Warning: Upcoming Selling Pressure?
🔵The whale's dumping and declining price action may create selling pressure ✅, leading to further price declines.
🔴Be cautious and monitor the market closely, share your thoughts.