Whales were sold beyond 1.1 trillion Pepecoin’s technical indicator.
Pepe Coin (Pepe) has gained a downward spiral, and the price has plummeted to $ 0.000012, decreasing 17 % in the past 24 hours, decreasing 28 % in the past week.
With this sharp recession, Pepe has been at the lowest level since November 13, and coins are 54 % below the peak of December.
Whale sold 1.1t or more Pepecoin
The main catalysts behind the crash at this price may be an important sale by large investors, often called “whales.”
These investors have moved 1.1 trillion or more of Pepeta token in a very short period of time, creating excessive supply to the market.
Many whales recently sold the entire $ Pepe Holdings.
0xfbfc… 07be deposited 430B $ $ PEPE ($ 6.39m) is deposited in #binance 9 hours ago.
Marketparticant.ete deposited 325.5B $ PEPE ($ 4.9m) 24 hours ago in #binance.
0xB1A2… 6731 Sales were sold 200.88 billion $ Pepe for 2.85m $ USDC in the past 48.
-lookonchain (@lookonchain) January 27, 2025
These movements not only increased Pepe supply by 1.31 % (237.18 trillion to 240.28 trillion to 240.28 trillion), suggesting a bearish outlook among major owners. Improve my qualitives.
Technical analysis shows more bearish emotions
The technical analysis of Pepe Price is full of potential declining signals.
Cross layer of death: The convergence of the weight shift between 200 days and 50 days suggests a death cross, and if confirmed, it will solidify the weak feeling. Support level and resistance level: Pepe is currently trading within the range established in April 2024, and the boundary is $ 0.00000633 to $ 0.00001461. The immediate support level to watch is about $ 0.00000782, further supporting $ 0.0000060, the last level in August. MACD and RSI: Transfer average convergence/divergence (MACD) and relative intensity index (RSI) indicate that the sales pressure may continue, suggesting that the price is. We are approaching the support level of.
Will Pepe rebound immediately?
Following the dip, the market emotions around Pepe have become significantly negative, and smart money investors have significantly reduced exposure. Count of Smart Money Chains has decreased from 91 to 69 in December, and its holding has dropped from about 12 trillion to 9.5 trillion pepper token.
The sale of large -scale investors based on information indicates lack of confidence in Pepe’s short -term recovery.
Considering the current whale activities, technical patterns, and decreasing the reliability of investors, Pepecoin may see more prices. If the $ 0.00000782 support is not retained, a decrease of $ 0.0000060 or less is appropriate, indicating a 56 % decline of 56 % from the current level.
However, the current scenario seems to be dark, but in the unstable encryption market, there is always a possibility of rebounding. Factors such as the rapid increase in bitcoin (BTC) due to new interest in economic policies and new interests in Memcoin may provide Pepe’s lifeline.
However, at this point, these scenarios seem to be on the horizon instead of immediate solutions.