"Whale selling pressure collides with retail investor faith; 0.0000103 becomes the bull-bear death line—holding it means reversal, losing it means abyss!"

News aspect: Whales dumping + market panic

  1. Whale chain selling: On June 13, whale address 0x6ea transferred 609 billion PEPE to Binance, while another whale cumulatively transferred out 1 trillion PEPE during the same period. Such actions usually indicate intensified short-term selling pressure, putting price under pressure.

  2. On-chain confidence collapse: Santiment data shows a surge in holder losses and sell-offs, with a single-day net loss reaching $50.21 million, exchange supply skyrocketing, and selling pressure accumulating.

  3. Hacker incident impact: Iranian exchange Nobitex was hacked, losing 255.6 billion PEPE, triggering panic selling and exacerbating the liquidity crisis.

Technical aspect: Key level battle

Combining 4-hour chart user data and overall network indicators:

Support death line: Current price 0.00001042 closely follows trend line support at 0.0000103. If the daily line closes below, the downward target is 0.0000088.

Bull-bear struggle area:

Resistance: Previous high 0.00001362, breakthrough requires volume to rise to a daily trading volume of $400 million+.

Support: Historical low point 0.00000965, breaking this level will trigger panic selling.

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