🚨Pepe Coin 🪙($PEPE) has been on a constant downward trend, with its price currently at 💲0.00000691 USDT — a sharp drop of 60% in the last two months. If this trend continues, there is a real possibility that $PEPE could fall to 💲0.00000100 USDT, raising concerns among investors. Several factors are contributing to this decline, starting with whale activity and changes in market sentiment. Recently, a whale deposited nearly 47 billion $PEPE tokens (worth approximately 💲2.22 million) on Binance, signaling a possible mass sell-off and increasing downward pressure on the coin's price.💸
🚨Security concerns have also played a significant role in damaging investor confidence. A recent hack of PEPE's official Telegram channel has raised questions about the project's security, pushing some holders to liquidate their positions.💢 Alongside this, declining public interest is evident: Google Trends data shows a notable drop in search volume related to PEPE, suggesting waning enthusiasm that could weigh even more on its long-term performance.🎉
⚠️From a technical analysis perspective, the price chart of $PEPE 💸 shows clear bearish patterns. Formations like the double top and the ascending wedge often indicate further declines ahead. If the coin breaks below critical support levels, it could lead to even steeper losses, potentially revisiting its previous all-time lows.📉
🚨Looking ahead, the future of $PEPE remains uncertain and highly dependent on overall market conditions, investor sentiment, and the project's ability to address security issues and community trust. For those considering investing in PEPE, caution is advised. Maintaining close monitoring of market signals and technical indicators will be essential to assess any potential recovery or new decline.⭕