All rebounds are merely 'flashbacks'; sensing danger from news is more lifesaving than watching K-lines!
News: Three major bearish factors weigh down, and the bulls can’t catch a breath!
Recently, the market for PEPE has been getting colder, and there’s a reason for that—
The overall market is murky, and altcoins have become 'cash machines': Bitcoin has continuously broken key support levels, Ethereum has fallen below $1800, and the entire market is in turmoil, with funds all pouring into BTC and ETH. Small-cap altcoins like PEPE have no buyers at all, and the main force takes the opportunity to dump and run.
Regulatory shadows loom, compliance pressure hits hard: The US SEC has recently been frequently targeting DeFi and MEME coins. Coins like PEPE, which rely on community hype, could be listed as 'high-risk' at any time. Once the policy is implemented, a crash is likely unavoidable.
Whales are secretly unloading, and the dumping power is in full swing: On-chain data shows that whale addresses holding over 1 billion PEPE have cumulatively sold more than 20 million coins in the past week (worth about $230,000 at current prices). If the main force is no longer playing, retail investors following suit will only push the selling pressure further!
2. Technical Analysis: Decreasing Volume and Indifferent Indicators, Bears Have Long Been Lurking!
Don't be fooled by the K-line's current 'dragging', it has long been a 'dead fish'—
Price breaks down + Bollinger Bands contract, clear continuation of decline: After breaking below the previous low of 0.00001632 last week, the price has been oscillating narrowly between 0.00001153 and 0.00001416. The Bollinger Bands have contracted into a 'single line', indicating that both bulls and bears are losing energy, but this is not a 'bottoming' process; it's the 'calm before the storm'. After the contraction, a direction will emerge, with a 90% probability of breaking down!
MACD underwater golden cross is a 'false signal', and bearish energy hides deadly traps: Although the MACD white line has slightly turned up, both lines are below the zero axis, and the green histogram has only shortened, not fully turned red. This indicates that the bears are just 'catching their breath' and can strike back at any time; this rebound is merely a 'trap to lure in more buyers'!
The trading volume is dismal, if there's no one to take over, it’s time to run: The average daily trading volume has plummeted 60% over the past week, with no one entering the market. Even if the main force wants to pull the price, they can't; they can only rely on dumping to sell off, and the longer it drags on, the worse it gets!
Final reminder: PEPE is like a 'leaking balloon' now; it appears stable on the surface, but in reality, it's severely damaged inside. Trust me, while you still can, quickly reduce your positions. As long as there’s still a green mountain, you need not fear having no coins to trade! Blindly going solo will never bring opportunities. For specific buy and sell advice, follow me, and no longer catch the bottom but rather halfway up the mountain.
