📉 Price & Technical Analysis
• Current price: 0.00000000084819 USD, slight fluctuation during the day (+0.03%)
• According to CoinDesk, the price has decreased by ~5% today, hitting a short-term support region of ~$0.000000946, with resistance at ~$0.000001013.
• Technical data indicates a strong growth in the derivatives (futures) market: open interest has reached ~539 million USD, many whales are accumulating, signaling a potential breakout soon.
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🔎 Current trend
1. The altcoin market is weak: Bitcoin's dominance above >65% is causing money to flow out of altcoins like PEPE.
2. Whales are accumulating strongly: Whales control ~78% of the supply, with purchases from 60+ large banks in just the past few days.
3. Derivatives spike: Open interest increased by ~15% in 24 hours, indicating that longs are dominating and the potential for a rise is high when a squeeze occurs.
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📅 Short-term forecast
• Many models suggest that PEPE could soon recover to the range of 0.000000012–0.000000015 next month if a squeeze occurs.
• Technical forecasts (Changelly, CoinCodex…) estimate a range from ~$0.0000000076 to ~$0.000000013 in June and July.
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🗝️ Important points to note
• High volatility: Price is highly dependent on market sentiment, especially the movements of Bitcoin.
• The “secret” accumulation of whales is a potential signal for a significant breakout.
• Derivatives & derivatives board are currently important indicators: need to monitor open interest and funding rate to determine how the money flow is shifting.
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✅ Conclusion & Suggestions
• If you are holding PEPE: consider taking partial profits in the range of $0.000000012–0.000000015, or use a stop-loss to limit losses if the price drops below ~$0.000000009.
• If you are considering buying more: this could be a time to accumulate after a strong correction – only invest the amount you are willing to accept high risk.