$PEPE Coin Life and Death Game: After an 80% Surge in 30 Days, Can the Myth of Getting Rich Continue?
Currently, PEPE coin is experiencing violent fluctuations in the range of $0.000010-0.0000137, after accumulating over 50% gains in May, it faced a backlash from profit-taking, with the technical chart showing a 'cup and handle' formation. If it can close above the $0.000009 neckline, a surge of over 20% may be triggered, but if it loses the $0.000007 lifeline, it could lead to a catastrophic drop of 30%. The RSI indicator hovers in the 45-55 range, suggesting a stalemate between bulls and bears, while the MACD's decreasing volume above the zero line exposes the risk of weakening upward momentum.
On May 29, Trump posted a meme containing PEPE elements, causing the coin price to spike 5% to $0.000015 within 30 minutes. The sentiment in the meme coin market is extremely volatile. However, beware of history repeating itself: In January, a whale sold $4.9 million worth of tokens, which triggered a 51% flash crash. Currently, a 'whale standoff' is unfolding on-chain, with 2.2 trillion PEPE valued at $29.16 million locked in accumulation, while 500 billion PEPE is flowing to exchanges, intensifying the game between bullish and bearish funds and increasing price volatility.
Policy risk hangs like a sword of Damocles: The SEC DeFi regulatory meeting on June 6 may release a fatal signal. If restrictions are placed on meme coins, even if the BPEP project successfully raises $6.8 million to integrate with the Bitcoin ecosystem, it will be difficult to hedge against PEPE selling pressure. Institutional predictions show sharp divergence: CoinCodex is aggressively bullish, projecting a target of $0.00004469, but PHP Chinese Network bluntly states that a $1 target is pure fantasy, and the reasonable range for 2025 is only $0.000018-$0.000087, with potential returns coexisting with liquidation risks.
At this moment, the market stands at a crossroads: breaking through the resistance at $0.00001687 will open the channel for a market cap surge to $25,000, while trading sideways in the $0.000010-$0.000015 range may trigger daily fluctuations of 30%. A drop below $0.000007 will initiate a death spiral. The carnival of meme coins is essentially a zero-sum game; investors need to closely monitor whale movements and regulatory trends, betting their fate between the illusion of getting rich and the abyss of zero.
The market is constantly changing, and we are closely watching the market to seize new entry opportunities. Like + comment, let's navigate through the bull market and seize this major opportunity together.
