📉 1. Technical Breakdown & Bearish Patterns
PEPE recently broke below a key ascending trendline support around $0.0000103, trading under its 50‑day EMA—classic signs of near-term weakness .
Chart patterns such as a bearish triangle also suggest more room to drop—potentially another 15–30% if key levels fail .
🏦 2. On‑chain Weakness & Whale Behavior
Data from Santiment shows holders in net loss, with rising token deposits on exchanges—indicating growing selling pressure .
Large holders (“whales”) are offloading their positions, accelerating the decline and reinforcing bearish trends .
🌍 3. Macro & Meme‑Coin Sentiment
General market caution around crypto, sometimes prompted by broader macro factors, has dampened speculative appetite—especially for meme‑coins like PEPE .
Although meme‑coins can bounce swiftly, the current setup shows limited support, risking deeper pullbacks .
🔍 What’s Next?
Watch the $0.0000103 support line: a daily close above could stabilize momentum.
Keep an eye on exchange inflows: further accumulation on exchanges often precedes sell-offs.
Trend Indicators: RSI is trending downward (~40), and MACD had a bearish crossover—suggesting momentum remains weak .
✅ Bottom Line
PEPE’s fall isn’t just a flash in the pan—it’s backed by technical breaks, deteriorating on‑chain metrics, and shifting whale sentiment. A decisive close above $0.0000103 could offer some relief, but if that fails, targets near $0.0000088–$0.0000079 become more likely.
💬 Community Insight:
Are you considering buying the dip, or staying cautious given the on‑chain signs?👇
