BEARISH📉

The once-celebrated meme coin Pepe is now under serious pressure, with signals pointing to a potential massive price collapse. A wave of sell-offs by so-called Smart Money investors and a cooling memecoin market suggest that a major shift could be underway. As traders pivot to other projects, Pepe may be the next victim.

🔻 Smart Money Selling: A Red Flag for the Market
Pepe Coin has already dropped 70% from its all-time high in 2024 — and analysts warn that the worst may be yet to come, with projections pointing to a possible 90% correction. The sell-off is being led by seasoned investors who are known for buying early and exiting before retail traders catch on.
According to data from Nansen, as of May 7, only 17 Smart Money wallets held Pepe tokens — down from 32 in November. Their combined holdings have fallen from 4.24 trillion tokens in June to just 2.79 trillion today.

📉 Ethereum’s Struggles Are Dragging Pepe Down
Pepe is the second-largest meme coin on Ethereum, right behind Shiba Inu, meaning its fate is closely tied to ETH. But Ethereum itself has dropped from a high above $4,000 to $1,800, and further declines could fuel even more sell-offs for Pepe.

🚀 Investors Are Flocking to Solana
Another key factor is the shift of investor capital to Solana. Memecoins like Dogwifhat, Fartcoin, and Bonk have seen double-digit gains in recent weeks — attracting liquidity and attention away from Ethereum-based assets like Pepe.

📊 Technical Analysis: Bearish Flag and Rising Wedge
On the 3-day chart, Pepe peaked in December at $0.00002825, reaching a market cap of over $10 billion. Since then, it has been in freefall, and technical indicators are flashing red.
Pepe broke below a rising channel and formed a rising wedge — a pattern that often precedes a bearish breakdown. The coin is also trading below its 50-day moving average, further supporting the bearish outlook.
🔻 The likely scenario? A collapse toward $0.0000009618, nearly 90% below the current price.

⚠️ What Could Change the Trend?
To avoid this fate, Pepe must break through the strong resistance at $0.00001057. A successful breakout could push it toward the next major level at $0.000017, last seen in May 2023.

📌 Summary:
🔹 Pepe Coin has dropped over 70% since December

🔹 Smart Money investors are exiting rapidly

🔹 Ethereum weakness and Solana memecoin hype are draining liquidity

🔹 Technicals suggest a possible 90% crash

🔹 Only a breakout above key resistance could save it

#PEPE‏ , #pepecoin🐸 , #BEARISH📉 , #MemeCoinMarket , #CryptoNewss

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The memecoin BONK just took a heavy hit. In the last 24 hours, its price has dropped by over 8%, deepening its weekly losses. This comes as a surprise, considering BONK was up more than 40% over the past month — but the latest move suggests the hype may be cooling off fast.

📉 Bears Take Control
BONK is now inching closer to a critical demand zone between $0.00001546 and $0.00001405 — a range where strong buy orders typically reside. If bulls want to stop the bleeding, this is the area to defend.
If that support collapses, BONK could tumble to the next lower targets around $0.00001178, $0.00001043, or even $0.00000888.

🔍 Market Metrics Are Flashing Red
According to liquidation data, BONK is now trading in a high-liquidity cluster between $0.000016 and $0.00001448, which often marks volatile territory.

More troubling is the Taker Buy/Sell Ratio, currently sitting at 0.8457. That means 54.18% of traders are betting against BONK, while just 45.82% are long.

The liquidation stats paint an even grimmer picture:

🔹 Short positions liquidated: only $1,990

🔹 Long positions liquidated: a staggering $205,000
This massive imbalance — over 100x — suggests the market is punishing bullish traders, a hallmark of a strongly bearish phase.

💡 But There’s One Bright Spot: Spot Market Activity
Despite the pressure, one bullish element remains — and that’s spot buying interest.
Over the last 24 hours, BONK saw $2.55 million in spot purchases. Weekly total? More than $18.6 million — the highest volume recorded since late January. If this demand holds, especially within the demand zone, a short-term reversal remains possible.

📌 Key Takeaways:
🔹 BONK is down 8% in one day, facing strong bearish sentiment

🔹 Critical demand zone between $0.00001546 and $0.00001405 may decide what happens next

🔹 Massive long liquidations show bulls are being wiped out

🔹 Spot buying is surging — offering a potential support lifeline

#Bonk , #memecoin , #CryptoMarket , #BEARISH📉 , #crypto

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“