Current Status of PEPE: A Silent Collapse is More Terrifying than a Crash
Core Viewpoints:
PEPE is not crashing; it is slowly deflating like a leaky balloon. This gradual decline is more suffocating than a guillotine. The market is so lifeless that it can't even muster any volatility, and all technical indicators tell you: the market has entered the "playing dead" phase.
Desperate Market's Three Sins
Gradual Decline is Like a Dull Knife Cutting Flesh:
The price is not crashing; it's leaking down drop by drop like a faucet that isn't tightened. From a high of 0.0000177, it has gradually declined to 0.000015, with a daily drop of 1-2% that seems minor, but 12 consecutive days of closing lower is a warming pot that can completely grind down the bullish sentiment.
Technical Indicators are Lying Flat:
The MACD indicator is almost inactive, with the fast and slow lines stuck below the zero axis like two dead fish. This is not accumulation; it's a lazy lie-flat state. The RSI value is stuck at the awkward position of 29, clearly oversold but without a proper rebound. Last Wednesday's 3% bullish line had a trading volume that shrank by 40% compared to the previous day, purely deceptive.
On-Chain Data Explodes:
This week, large whales dumped 8.5 million dollars' worth of PEPE onto exchanges, yet the price didn’t break through the support level? This indicates that the buyers have already run away; now even selling can’t generate volume, which is the most terrifying death signal.
Market Psychology has Degraded
Current PEPE holders are divided into two factions:
Playing Dead Faction:
Accounts trapped above 0.000016 have simply closed their software like ostriches, with on-chain staking volume surging 37% in two weeks as evidence.
Waiting to Die Faction:
Gambling enthusiasts who bottomed out around 0.000014 are now at an 8% loss yet refuse to cut losses, just waiting for a big player to come and pull the price up to break even.
These two types of people have created the current zombie market—those who want to sell are too lazy to crash the price, and those who want to buy are too scared to enter. The exchange depth is as thin as paper, and even a small whale can break the price by 5%.
Follow me, and I will help you see through the phenomenon to the essence, together we will navigate through the bull and bear markets.
