The whale sold off $6.53 million PEPE this morning.
But the technicals have secretly lit up the rebound signal!
Latest News:
Whale Selling Pressure + Big Players' Movements
Whale suddenly hit the market this morning: A whale named qianbaidu.eth deposited 59.51 billion PEPE into Binance, while the previous withdrawal cost from Binance was only $5.77 million, showing a clear intention to cash out in the short term, which may trigger panic selling among retail investors.
Legendary trader turns to new targets: James Wynn, who previously made $25 million on PEPE with an investment of $7,600, announced today that he will return to the trenches to find the next hundredfold coin, focusing on scanning opportunities in the Ethereum ecosystem, or diverting some speculative funds from PEPE.
Technical Analysis: Pressure and Dawn Coexist
Bollinger Bands are tightening, and a trend change is imminent: The current price is precisely at the upper Bollinger Band; if it breaks out with volume, it will open up upward space, otherwise, it may retrace to the mid-band support at $0.00001050.
MACD Underwater Golden Cross Weak: Although a golden cross has formed, DIF and DEA are still below the zero axis, indicating insufficient rebound momentum, requiring volume confirmation for strength.
Key Price Anchors: The recent high of $0.00001632 serves as strong resistance, the low of $0.00001050 is the bulls' defense line, and the current price of $0.00001139 is in a consolidation midpoint, direction pending.
Whale selling often serves as a smokescreen—although the MACD golden cross is weak, if key support is maintained in June, PEPE still has a 25% surge potential.
