Pepe Price Prediction: Whale Selling Triggers Huge Drop – Panic Is Spreading Fast
Main Idea
Pepe (PEPE) has experienced a significant price drop due to whale selling, raising concerns about a deeper correction, but some view it as a potential setup for a future rally.
Key Points
1. Pepe (PEPE) has dropped 9% over the past 7 days, with notable whale activity contributing to the decline.
2. A trader named James Wynn was liquidated out of a long position, losing around $180,000 due to PEPE's price drop.
3. PEPE's open interest has decreased, and technical indicators like the 'death cross' suggest potential further downside.
4. Key support levels to watch are $0.00001450 and $0.00001050; a break below these could signal a deeper correction.
5. CoinFutures offers auto trading features and high leverage for cryptocurrencies, including meme coins like PEPE.
Description
Pepe (PEPE) has dropped 9% over the past 7 days, underperforming most other meme coins during the latest pullback — putting the current Pepe price prediction into question. Is this a sign of deeper weakness and a bearish mid-term outlook, or just a healthy correction before the next leg up? Data from CoinDesk Research shows that whales have been offloading PEPE recently, although not all of these sales appear to be voluntary, hinting at liquidations or forced exits rather than broad loss of conf...
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