Whales retreat, geopolitical tensions escalating; PEPE hangs by a thread at the 0.00001 survival line!
News: Two major catalysts driving the decline
Whales collectively fleeing: On-chain monitoring shows that recently a whale transferred 595.2 billion PEPE to Binance, with some taking profits. More dangerously, 87% of PEPE is controlled by the top 1% of addresses; if support breaks, it could trigger a whale stampede, greatly increasing selling pressure.
Middle East conflict escalates: Military conflict between Iran and Israel intensifies, global risk assets are being sold off. PEPE, as a highly volatile meme coin, is hit the hardest, plummeting over 4% in 24 hours, with a surge in panic selling from retail investors.
Technical analysis: Triple breakdown warning sounded
Critical support in danger: Current price at 0.00001026 is close to the strong support at 0.000010 mentioned by users. If the daily close breaks below, the next target directly points to 0.0000090, with an extreme scenario down to 0.00000793.
Indicators fully turn bearish:
MACD death cross followed by shrinking green bars, bears in control;
RSI falls to the 40 oversold zone, but can easily become 'dull' and continue to drop in a downtrend;
Bollinger Bands opening downward, price struggling at the lower band.
Volume anomaly: A significant volume divergence appeared around 0.000010, a fierce battle between bulls and bears—if the rebound lacks volume, it remains an opportunity to escape.
Defensive level: Current price near 0.0000965, stop-loss if it breaks;
Bottom-fishing level: Observe 0.0000090, if volume stabilizes, consider light positions for a rebound;
Breakout level: If volume recovers 0.0000114, the bearish trap is confirmed, with a target of 0.000013 for chasing gains.
