šø Is $PEPE Heading Below $0.00001?
š» Whale Sell-offs + Bearish Patterns = Meme Coin Fear
The meme coin market is on shaky ground, and $PEPE might be the next to break. Amid a 22% price drop in just 48 hours, all eyes are on this volatile coin as whale movements and bearish patterns create fresh fear in the market.
š Whale Sell-off: Is the Panic Just Beginning?
š° A whale recently moved 150 billion $PEPE tokens ($2.72M) to Binance, sparking concerns of a larger sell-off.
š This comes on the heels of $219K unrealized losses on and $136K on $SHIB for the same whale.
šØ Whatās Next?
Historical data shows whale exits often trigger prolonged corrections, intensifying bearish pressure.
š Double-Top Reversal Pattern: Warning Sign for $PEPE
š The daily chart reveals a classic āMā double-top reversal pattern, a known signal of major breakdowns.
š RSI Indicator: A bearish divergence confirms weakening bullish momentum.
š has already dropped from $0.000022 to $0.0000174 (-22%), and a breakdown below $0.00001 now looms large.
š¢ The Bigger Picture: Meme Coin Market
šø Market Cap: $105B
š 24H Trading Volume: $28B
Meme coins like and $SHIB are facing increased volatility as speculative trading wanes.
What Should You Do?
š” Stay Cautious: Bearish trends + whale sell-offs = higher risks ahead.
š Look for Key Levels: A break below $0.00001 could spell deeper corrections.
š Watch the Market: These patterns could also present discounted entry points for long-term believers.
šø Are you still HODLing or considering exiting $PEPE? Share your thoughts below!
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