Besides hinting towards a bearish continuation, a descending triangle can also point to whale distribution as whale netflows decrease. IntoTheBlock data depicts that large holder netflows have declined from 3.77 trillion to 95.44 billion within seven days, which signifies a 97% drop.
This decline shows that whales are not willing to accumulate PEPE at the current price and instead, they could be in a distribution phase. These large addresses could be waiting for a local bottom before they can step in. Amid a lack of strong whale demand to absorb the sold coins, Pepe Coin price may face a massive crash, possibly to $0.0000750.
In conclusion, the price of PEPE Coin is under bearish pressure as it forms a descending triangle pattern on the daily timeframe. On-chain data is also highlighting a negative outlook as whales remain on the sidelines after large holder netflows declined by more than 97%.
As short-term trends trigger concerns, this long-term Pepe Coin price prediction shows what to expect from the meme token from 2025 to 2030.#INDIANstock