Hassan Imtiaz
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Bearish
Is Pepe Coin Dead❓
In my view, $PEPE is no longer viable. The coin has experienced a significant decline, plummeting 60% from its December 2024 all-time high of $0.00002825 to approximately $0.000012. This downturn has been exacerbated by substantial whale sell-offs, with over 1.1 trillion PEPE tokens liquidated recently, intensifying selling pressure and driving prices lower. Additionally, technical analysis indicates the formation of a double-top reversal pattern, suggesting a potential further decline of up to 56% if critical support levels are breached. Given these developments, I believe $PEPE prospects have diminished significantly.
In my view, $PEPE is no longer viable. The coin has experienced a significant decline, plummeting 60% from its December 2024 all-time high of $0.00002825 to approximately $0.000012. This downturn has been exacerbated by substantial whale sell-offs, with over 1.1 trillion PEPE tokens liquidated recently, intensifying selling pressure and driving prices lower. Additionally, technical analysis indicates the formation of a double-top reversal pattern, suggesting a potential further decline of up to 56% if critical support levels are breached. Given these developments, I believe $PEPE prospects have diminished significantly.
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