๐ธ Is $PEPE Heading Below $0.00001?
๐ป 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.
๐ Whale Sell-off: Is the Panic Just Beginning?
๐ฐ A whale recently moved 150 billion $PEPE tokens ($2.72M) to Binance, sparking concerns of a larger sell-off.
๐ This comes on the heels of $219K unrealized losses on and $136K on $SHIB for the same whale.
๐จ Whatโs Next?
Historical data shows whale exits often trigger prolonged corrections, intensifying bearish pressure.
๐ Double-Top Reversal Pattern: Warning Sign for $PEPE
๐ The daily chart reveals a classic โMโ double-top reversal pattern, a known signal of major breakdowns.
๐ RSI Indicator: A bearish divergence confirms weakening bullish momentum.
๐ has already dropped from $0.000022 to $0.0000174 (-22%), and a breakdown below $0.00001 now looms large.
๐ข The Bigger Picture: Meme Coin Market
๐ธ Market Cap: $105B
๐ 24H Trading Volume: $28B
Meme coins like and $SHIB are facing increased volatility as speculative trading wanes.
What Should You Do?
๐ก Stay Cautious: Bearish trends + whale sell-offs = higher risks ahead.
๐ Look for Key Levels: A break below $0.00001 could spell deeper corrections.
๐ Watch the Market: These patterns could also present discounted entry points for long-term believers.
๐ธ Are you still HODLing or considering exiting $PEPE? Share your thoughts below!
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