How Low Could $PEPE
Go After Whale-Induced Selloff?
The PEPE meme coin is facing turbulent waters following a massive selloff triggered by crypto whales. This sudden selloff has created significant downward pressure on the token’s price, leaving investors wondering how low it could go.
Key Factors to Watch:
1. Market Sentiment: Fear and uncertainty stemming from the selloff could lead to additional panic selling, pushing prices even lower.
2. Whale Behavior: If other large holders decide to follow suit and sell their PEPE, this could amplify the downtrend.
3. Support Levels: Technical analysis shows potential support zones where the PEPE price could stabilize. Breaking below these levels could lead to even steeper declines.
4. Trading Volume: Low trading activity could make it difficult for PEPE to recover quickly.
How Low Could It Go?
If selling pressure persists, PEPE could retest previous lows or fall further, especially if the broader crypto market continues to bearish. However, a bounce is possible if buyers step in at critical support levels or if market sentiment improves.
Investors should proceed with caution and closely monitor whale activity and market trends. As always, only invest what you can afford to lose!
