PEPE surprises with whale activity and a golden cross! 0.0000235 becomes the critical line for bulls and bears, how can retail investors follow along?
News front: Whales are battling, with both favorable and unfavorable pressures.
Smart money bets on an increase: May on-chain data shows whales are frantically buying 500 billion PEPE (about $4.36 million) in two separate transactions, total holdings soar to 1.5 trillion (≈$18.6 million), indicating a 20% increase in stockpiling compared to January, suggesting a bullish outlook.
Whale cashing out lays a trap: Legendary trader James Wynn chooses to liquidate his entire position for a profit, pocketing $25.18 million! History shows that such large sell-offs can easily trigger follow-up selling pressure, risking a short-term crash.
Technical analysis: Triangle convergence, multiple indicators point to a trend change.
Breakout imminent: The 4-hour chart forms a cup-and-handle pattern, with neckline resistance at $0.000010; if volume breaks through, the target is the previous high of $0.0000145 (+60% potential); if it breaks below the support at $0.000007, it may pull back to the early-year low.
Conflicting indicator signals:
MACD golden cross and above the zero line, momentum for price increase strengthens;
RSI surges to 68 (overbought zone), risk of pullback increases.
Volume surge: Daily spot trading volume of $3.9 billion crushes Dogecoin, derivative volume surges 280% in a single day—high liquidity will intensify volatility.
Operation summary: Retail investors take three steps to avoid risk and capture the bull.
Whales are fighting, retail investors bring shields!
Trader: Current price 0.00002351 is close to the previous high 0.00002789, can take profit in batches 30%, set a trailing stop for the remaining at 0.000020 to lock in profits and prevent flash crashes.
Observers: If volume breaks above 0.000010, a retracement that doesn’t break can allow for light long positions; if it breaks below 0.0000075, decisively stop loss and observe.
Leverage warning: Avoid high leverage contracts! PEPE liquidated $17 million in short positions over 24 hours, a double whammy for both bulls and bears is the norm.
If Bitcoin breaks 120,000, PEPE could surge 50%; but a regulatory black swan may strike? MEME coins are the first to bear the brunt!$PEPE #山寨币热点
Focus on this week’s SEC hearing: Currently, market dynamics are shifting, walking alone is lonely, follow my profile for daily spot potential layouts and bull market strategy planning.
