Countdown to PEPE's turning point! After the whale cut losses of 3.48 million, is it a trap or a golden pit?
News: The battle between bulls and bears is heating up!
Whales retreat VS smart money bottom-fishing
Negative news: On June 18, a giant whale cut losses by $3.48 million, clearing out PEPE, causing market panic.
Positive news: Another batch of whales secretly hoarding—on May 31, a single day transfer of 11.75 trillion tokens, a certain address withdrew $27.9 million PEPE from Bybit, suspected to be buying the dip. Exchange balances decreased by 2.1% this month, and retail investors' willingness to lock up assets has increased.
Market sentiment and regulatory risks
Futures open interest surged to $537 million, funding rates are rising, indicating bulls are getting restless.
However, events like Musk's tweets and the situation in the Middle East may still trigger a crash, and regulatory uncertainties are high.
Technical: Triangular convergence at the end, a turning point is imminent!
Key pattern:
4-hour chart: Bollinger Bands are narrowing to the limit, price is stuck between 0.00000946 and 0.00001080, volatility is approaching freezing point.
Daily level: Double bottom neckline at 0.00000926 is the line of life and death, breaking below may crash to 0.0000057; if it holds, then look for bullish flag target at 0.00002250.
Indicator signals:
MACD dual lines converging: near the zero axis below, weak red bars indicate bulls are testing, but no golden cross has formed.
Stochastic RSI nearing the 'C point': Historically similar positions have triggered sharp rises, breaking 0.00001283 will confirm a trend reversal.
Iron rule: Single coin position ≤ 5%, use leverage cautiously! Keep a close eye on whale on-chain activities and Musk's Twitter.
$PEPE
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