🐸 $PEPE in Freefall? Whale Selloff Sparks Market Chaos – How Low Can It Go? 📉🔥

Pepe Coin ($PEPE ) has suffered a sharp 17% drop in 24 hours and 28% in a week, now trading at $0.000012. This selloff has slashed PEPE’s price by 54% from its December high, bringing it to its lowest level since November 13.

🐋 Whale Dump Sparks Panic

Whales offloaded over 1.1 trillion $PEPE tokens, transferring them to exchanges and creating a market glut. This increased the total exchange supply by 1.31%, jumping from 237.18 trillion to 240.28 trillion PEPE. The sudden surge in available tokens signals that major holders are exiting, intensifying market turbulence.

📊 Technical Indicators Flash Bearish

🔻 Death Cross Formation:

The 50-day and 200-day moving averages are converging, forming a death cross, a historically bearish signal that could reinforce negative sentiment.

🔻 Support & Resistance Zones:

PEPE is currently trading between $0.00000633 and $0.00001461, a range set in April 2024.

Key Support: $0.00000782 (Break below could push PEPE toward $0.0000060)

Key Resistance: $0.00001461 (Recovery depends on breaking above this level)

🔻 MACD & RSI Bearish Momentum:

MACD Indicator is showing downward momentum, confirming selling pressure.

RSI is declining, suggesting that PEPE still lacks buying support.

🚨 Can PEPE Hold Above $0.00000782?

If PEPE fails to hold above this crucial support, a drop to $0.0000060 is likely. With whales exiting and technicals pointing downward, traders should watch for volume confirmation before expecting a reversal.

💬 Will PEPE find stability or continue its downward slide? Let’s discuss below!

#PEPE #CryptoMarket #CryptoTrading #WhaleDump #PEPEPricePrediction