$PEPE Pepe Coin Price Analysis As Trading Volume Plunges 20% To $742M, Is 2024 Bull Run Over?

Pepe Coin Price Analysis: The PEPE price breakout from the inverted head and shoulder pattern signals a notable change in market dynamic from selling on rallies to buying on dips. However, will the recovery be sustained from the recent selling spree from whales?

The Pepe price breakout from the neckline resistance of Inverted H&S signals an end-of-correction trend.The trend-defining 100 and 200-day EMA indicates the broader trend is actively bullish.The 24-hour trading volume in the Pepe coin is $763.5 Million, indicating a 19% loss.

Whale Selling Sparks Concerns for Pepe Coin’s Bullish Momentum