It shows the market for the $PEPE token.

This paints a conflicting picture for traders, as significant bearish activity on-chain contrasts with a potential bullish chart pattern.

While a large whale exited its trillions worth of tokens at a loss, a classic continuation pattern on the daily chart suggests a significant upward potential.

On-chain data: Large whale exit.

According to data from the on-chain tracking service Look,,onch,,ain, a large whale of $PEPE exited its full token position of 2.2 trillion, recording an estimated loss of $3.5 million. According to Look,,onch,ain, wallet address 0x6ea4…FE0 made another deposit of 600 billion #PEPE tokens in #Binance about 50 minutes ago, completing a month-long series of returns on the platform.

On-chain data confirms that the whale withdrew 2.2 trillion $PEPE from Binance in mid-May. Over the past ten days, the whale has returned these tokens in three separate deposits - the first on June 8, then on June 13, and finally on June 18. The last deposit, worth $6.04 million, marked the end of the whale's position.

The withdrawal value reached $27.64 million a month ago. By the time the whale completed the return process, token prices had dropped enough to incur a loss of $3.5 million. Each payment was directed to Binance's own deposit address. The image data shows all related transactions: the wallet received over 1.1 trillion PEPE from Binance 14 on May 17, added another 633 billion the next day, and continued to accumulate until it reached 2.2 trillion tokens.

This pullback appears to represent a full exit. The whale incurred a loss and returned its entire balance to the same platform it came from. This move highlights a decline in the whale's confidence and adds pressure to the PEPE price. When these large holders sell to trading platforms, it often signals a short-term bearish trend. The market is now watching to see if similar wallets will follow the same path.

PEPE forms a bullish flag with a potential increase of 102%.

On June 18, 2025, the #PEPEUSDT pair on the Binance platform formed a bullish flag pattern on the daily chart. The bullish flag pattern is a continuation structure where the price consolidates downward between two parallel trend lines after a sharp upward movement, indicating the potential for another rise once the pattern is broken.

In this case, the PEPE stock rose in early May 2025, then fell back within a narrow downtrend channel. The flagpole - the sharp upward leg - preceded the current consolidation. The consolidation structure remains intact and has not yet broken, but the pattern is still in place.

If the PEPE stock confirms a breakout above the upper red trend line, it may resume its previous rise. Based on the flagpole height and breakout expectations, the target is around $0.00002051. From the current price of $0.00001010, this represents a potential increase of 102%.

The 50-day Exponential Moving Average (EMA), currently at $0.00001137, represents the first resistance level. If the PEPE stock regains this level, it will support the potential for a bullish breakout. Trading volume remains high, with 5.1 trillion PEPE recorded on the analysis day, indicating sufficient liquidity to support a price breakout.

The RSI for PEPE is approaching the oversold territory with weak momentum.

Meanwhile, the Relative Strength Index (RSI) for the PEPE/USDT pair on the daily chart has dropped to 37.65, measuring the strength and speed of price movements over 14 days, and helps determine whether the asset is in overbought or oversold territory. An RSI drop below 30 indicates an oversold condition, while readings above 70 indicate overbought momentum.

Currently, the RSI for the PEPE stock is just above the oversold level, indicating weak buying pressure. The yellow signal line, which smooths short-term volatility, stands at 45.03 and remains above the RSI line. This crossover shows a bearish divergence, suggesting that the recent downward trend may continue unless momentum reverses.

Over the past year, the RSI for the PEPE stock has fluctuated between 30 and 70, rarely entering extreme areas. The last time it approached the current levels was during consolidation phases, followed by strong rallies. However, this time the RSI trend indicates a decline, reflecting decreased demand.

If the Relative Strength Index (RSI) drops further toward 30, the token may enter oversold territory, which sometimes precedes a rebound. Until then, the PEPE stock is still in a phase of weak momentum, with limited signs of recovery in this indicator.