🐸 Why is the price of PEPE declining? Quick analysis 🔍

$PEPE has dropped by -3% in 24h for 3 main reasons:

1️⃣ Technical blockage at 0.000012 $

The price has been hitting this resistance since late June.

➜ Weak RSI (36.85), MACD in bearish divergence.

➜ Stop-loss orders triggered = cascading sales.

2️⃣ Massive sale by a whale 💰

A large investor sold 6.1 M$ of PEPE at a loss.

In parallel:

+247.8T PEPE injected into exchanges

+7.3 M$ of long liquidations on derivatives

⚠️ Whales control ~46% of the supply!

3️⃣ Hesitant crypto market 🧊

Bitcoin's dominance rises to 64.23% ➜ Capital is fleeing altcoins.

Meme coins like PEPE are also suffering from:

high gas fees on Ethereum

increased regulatory pressures

doubts about their real utility

📌 Conclusion

The drop in PEPE is due to a combination of technical, fundamental, and psychological factors.

Watch the support at 0.0000095 $ and BTC's dominance: a decline in this could rekindle interest in altcoins.

#PEPE #MemeCoin #CryptoFR #Altcoins #BinanceFeed