Pepe Coin (PEPE) is facing increasing bearish pressure, with signs of a potential 50% price crash looming. Despite a modest 2.7% gain on July 9, the meme coin has dropped over 11% in the past month, trading at around $0.0000102 with a daily volume of $673 million.
The most concerning signal: whales have dumped more than 1 trillion tokens in just 24 hours, raising serious red flags.
🔻 Whales Dump 1.16 Trillion PEPE in 24 Hours
According to IntoTheBlock, large holders sold off more than 1.16 trillion tokens in one day, slashing their wallet balances from 647 billion to negative 521 billion. Such a massive selloff suggests a lack of confidence among whales and hints at a possible downturn.
📉 Bearish Flag Pattern Predicts Drop to $0.00000480
PEPE's price chart shows a bearish flag formation, typically seen before further declines. The pole of the flag corresponds to a previous 49% price drop, and if a similar move occurs, the price could fall to $0.00000480.
The ADX indicator reflects a weakening uptrend, while CMF remains negative, indicating low buyer interest and capital outflow from the token.
⚠️ Attention Traders: Capital Might Shift to Other Meme Coins
Earlier this week, meme coins like Dogecoin saw increased activity and price gains. If PEPE fails to follow suit, trader attention may shift away from it to more promising tokens.
🧠 Bottom Line: A Crash is Possible, But Not Guaranteed
With bearish technicals and whale selloffs mounting, PEPE may be headed for a steep drop. However, a reversal remains possible – if whales return and start buying again, it could reignite upward momentum.
👉 Is this a bull trap or a hidden buying opportunity?
#PEPE , #pepecoin🐸 , #memecoin , #CryptoWhale , #CryptoInvesting
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“