A quick and decisive summary of the PEPE/USDT situation
1. Technical trend (on the daily 30-minute chart)
The price rebounded strongly from support at 0.00000965 and is currently at 0.00001022.
Immediate resistance at the ascending trend line ~0.00001082, followed by the level of 0.00001124.
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The volume indicator shows a slight increase in buying at the bottom, but is still below the 7-day average ⇒ the price needs a strong volume push to break through.
2. News and Politics
Global risk sentiment has declined due to fears of a slowdown in the US economy; this is putting pressure on high-risk assets (including meme coins).
Conversely, some funds are looking to exploit corrections through rapid accumulation before the interest rate decisions in July.
3. Movements of whales and bulls
Several large transfers recently (Whale Alert) showed about 150 billion PEPE entering selling platforms within 24 hours ⇒ partial distribution by whales at the previous resistance.
However, we have witnessed undisclosed hidden accumulation in '🐳 large' wallets on-chain over the past 48 hours of about 200–300 trillion units at levels of 0.0000098–0.0000100.
4. Hidden Sentiments (Sentiment & Social)
Activity in X groups and Telegram has increased by about 25%, with signals of an upcoming 'pump' if 0.00001082 is surpassed.
But the sell-side ratio is 44.9% versus 55.1% demand, suggesting a slight state of apprehension among small investors.
5. Is there a potential recovery?
Yes, if the price holds above 0.00001000 and surpasses the average daily trading volume by about 30–40%, it will start testing resistance at 0.00001082 then 0.00001124.
In case the price is rejected at the current resistance with continued selling pressures, it may drop again to test 0.00000965 then 0.00000950.
⁉️ The pivot point: Trading volume upon surpassing the mentioned resistance is key to proving the bulls' control and preparing a stop loss below 0.00000980 to avoid a deeper correction scenario.
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