The tighter the spring is compressed, the sharper the rebound? But this time the spring is rusty—bears are sharpening their knives!
News aspect: Three major bearish pressures
Regulatory cold wave strikes again
The latest statement from the US SEC lists MEME coins as high-risk assets, with PEPE as a meme coin with no real use case being the first to suffer, as main funds continue to flow out to AI and RWA sectors.
Whale account unusual activity
On-chain data shows that a certain early holder (starting with 0x5f3) sold 1.2 trillion PEPE (approximately 1.33 million USD) within 3 days, triggering panic selling.
Market sentiment turns cold
Bitcoin ETF capital inflow stagnates, overall leverage in the crypto circle drops by 30%, high volatility MEME coins become "cash machines".
Technical aspect: Death cross curse hard to break
Bollinger Bands forming a downward channel
After the 4-hour Bollinger Bands continue to narrow, the lower band opens, and the price is suppressed below the middle band (0.00001120), establishing a weak pattern.
MACD death trap
Although the shortening of green bars indicates a rebound, the fast and slow lines remain deeply trapped below the zero axis, and after a "false golden cross" appeared this morning, it quickly turned, with obvious signs of baiting longs.
Volume sentenced to death
Key support level 0.00001100 repeatedly tested but without volume rebound, main force's willingness to buy the dip is weak, breaking down is just a matter of time.
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