$PEPE 4 The skyrocket of 55%! Is it a wealth opportunity or a "scalping" trap for whales?
Recently, Pepe coin has shot up like a rocket, soaring 55% in just four days, igniting excitement among countless investors! But behind this crazy surge lies a critical question: whales are quietly positioning themselves. Is this a new round of wealth opportunity, or a meticulously designed "scalping" trap?
Data shows that Pepe's RSI indicator has surged to 83, entering the extremely overbought territory. The last time this happened, the price subsequently plummeted. Even more alarming is that whales have crazily accumulated 21.18 trillion Pepe coins in just 24 hours. This scene feels familiar—after similar whale actions in November last year and January this year, the market experienced significant corrections. Will history repeat itself?
Despite the high market sentiment, the withdrawal volume from exchanges far exceeds deposits, indicating that investors are still holding firm. However, technical indicators have already signaled red lights. Although Pepe's upward momentum is strong, overbought signals and whale movements suggest that the risk of short-term pullback is increasing. If the trend continues, Pepe may surge towards $0.00002 or even higher; but if history repeats, the price could quickly drop back to the support level of $0.0000107.
In this crazy meme coin frenzy, will you choose to follow the whales for profit, or be cautious of becoming a "bag holder"? The market is never short of opportunities, but high returns always come with high risks. Pepe's next move may just be a thought away!
The market continues to change, and we are closely monitoring it to seize new entry opportunities. Like + comment, let's navigate through the bull market and take hold of this major opportunity.
