Low-volume sideways is a trap drawn by the main force; on-chain selling is the truth!
Negative news piling up
Whales fleeing overnight: on-chain data shows that a certain early holding address transferred a total of 4.3 trillion PEPE (about 4.75 million USD) to exchanges in 3 days, with selling pressure continuing
Ecological self-inflicted injury: PEPE's largest application scenario, the NFT platform Cool Cats, announced it will stop using PEPE for payments, severely damaging ecological value
BTC dragging behind: Bitcoin is repeatedly struggling at the 70,000 mark, while funds from the MEME sector continue to flow into the AI track
Technical death combination
Bollinger Bands tightening: the 4-hour BOLL three tracks are collectively sloping downwards (upper track 0.00001145/middle track 0.00001110/lower track 0.00001075), the price is struggling below the middle track
MACD clearly bearish: the fast and slow lines have just formed a dead cross below the zero axis, with green bars continuously expanding, indicating a clear short control
Volume reveals its true form: the current trading volume of 63.1 billion is less than 2% of the 5-day average (4.9 trillion), and the rebound is just a paper tiger
Operational summary (current price 0.00001105)
Escape point: if the rebound does not exceed the 7-day line at 0.00001111, immediately reduce positions
Buried area: if the volume breaks below the previous low of 0.00001037, it will look down to the gap at 0.00000980
Life and death line: only consider a reversal if it stands above the 30-day line at 0.00001189, with a probability of less than 10%
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