🚨 $PEPE Price Prediction🥵🔥: Whale Dump Sparks⚡ Bearish Outlook 🔥🔥

🔴Pepe (PEPE), the popular meme coin, is poised for a significant price 📈decline after forming a bearish head and shoulders pattern 🔥on the daily chart.

🟩This bearish outlook follows a whale's massive dump 🤑of 427 billion PEPE coins worth $8.5 million onto the Kraken exchange.

📊 Key Highlights:

🔴Whale dump: 427 billion PEPE coins worth $8.5 million

🔵Whale still holds 1 trillion PEPE with a profit of $2 million

🔴PEPE's open interest drops by 15%

🔵Trading volume increases by 10% in the past 24 hours

📈 Technical Analysis:

🟩Bearish head and shoulders pattern on the daily chart

🟪Support level at $0.0000166 weakening

⬜Potential drop by 20% to $0.000013 level

🟩RSI close to oversold area, indicating potential upside momentum

⚠️Warning: Selling Pressure Ahead?

🔵The whale dump and bearish price action may create selling ✅pressure, leading to further price decline.

🔴Stay cautious and monitor the market closely and share your thoughts.

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