My beautiful people! What’s up with the crypto market that doesn’t give us a break! Today we are going to uncover what’s happening with PEPE, the memecoin that has us all on edge. Remember when PEPE was rising like foam? Well, hold on tight, because things just got serious.

It turns out this digital frog, which just recently had us dreaming of green bills, has fallen hard. Imagine, at the time of writing this, PEPE is trading at $0.0000087, which yes, went up a little today, but watch out! It plummeted 21.6% in the week and 36.7% in the month! 😱 It's like when the football team is winning and suddenly, bam!, they concede three goals in the last minutes.

And who are the culprits of this drama? The whales, my friend. 🐋💥

Here comes the hot gossip: analysts say that this brutal drop of PEPE has a name and surname: the whales. And who are the whales? Well, they are the big investors, the ones with a number of tokens that leave you speechless! 🤑

When these whales start moving their PEPE to exchanges, it’s a warning sign! 🚨 It’s like when you see people running out of a place; you know something is wrong. The move is that when they send those tokens over there, the intention is to sell them, and that, boom!, creates pressure that crashes the price. It’s the law of supply and demand, but extreme.

Not only is PEPE suffering this whale attack; other memecoins are also at their last gasp because of this move. Moreover, to spice things up, the conflict in the Middle East is also stirring the pot! Geopolitics and cryptos are more connected than you think; what a madness!

The little frog is trying to breathe, but will it be enough? 🐸💨

Although PEPE has tried to catch its breath and rise a little, experts tell us to take it easy. It’s like when you fall and get up, but you know that the hit was hard. 🤕 The memecoin lost 14% in the last four days and fell below $0.00000900, erasing everything it had gained earlier in May.

Now, PEPE is moving in a downward channel, as if it were on an endless slide. We need to be alert with the key levels:

  • If it rises: It needs to break $0.0000096, then $0.0000100 (which is like a psychological barrier) and, for things to really change, $0.0000105. If it manages to pass these levels, the little frog might jump again! 📈

  • If it keeps falling: We need to watch $0.0000086, then $0.0000084, and the most important, $0.0000080. If it falls below this last one, hold on tight! The bearish pressure could be tremendous. 📉

The RSI indicator, which tells us how strong the selling is, is at 43 points, meaning that sellers still have the upper hand. So, let's stay alert, my people! This is like a football match that is not over yet; anything can happen!$PEPE