PEPE's recent price decline might be setting the stage for a rebound, fueled by whale behavior and overall market sentiment. Unlike in other assets, whale selling in PEPE often precedes price surges, as seen historically. Additionally, many #PEPE holders are close to reaching profit thresholds, which could discourage selling and support price appreciation.

Currently trading above a critical support level, $PEPE could potentially rally to $0.0000100. However, failure to maintain support may lead to a drop to $0.0000063. While signs point to a potential increase, investors should exercise caution and monitor support levels closely.

#CryptoWatchMay2024 #buythedip #cryptoniteuae