📉 PEPE CRASH ON JUNE 17 — WHAT IS GOING ON
Today the PEPE token is trading around $0.00000985, showing a sharp daily decline of almost 14 percent. The sudden drop followed a significant whale movement and increased pressure on support levels.
🟩 A large investor transferred more than $6 million worth of PEPE to Binance, which often signals an upcoming sell
🟩 The price broke below the 50-day exponential moving average, which is a key technical support line
🟩 Current support around $0.0000103 is struggling to hold, and if it fails the price might continue falling to $0.0000088 or even $0.0000079
The token’s recent gains are being tested, and the sell pressure is growing as traders lose short-term confidence.
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🛒 WHAT CAN TRADERS DO NOW
🟩 Monitor the price action closely before entering any positions
🟩 Consider accumulating small amounts only after confirmation of a bounce
🟩 Use stop-loss strategies to protect against further losses
The market is unstable today and PEPE is under strong selling influence.
Stay cautious and informed 💚
