Baby goes off script: Dramatic jump and "corrective slap" shakes confidence… Was it a whale game?
In a surreal scene not devoid of drama, the currency market $PEPE transformed from a rising star in yesterday's session to a merciless volatile beast, after achieving a jump that touched 0.00001039 before falling to 0.00000954 and currently stabilizing at 0.00000966 with a daily decline of -6.67%.
📈 Sudden rise: Who sparked the jump in the past two days?
By tracking technical data and momentum on Twitter, it seems that the jump was the result of compound factors:
1. An important and crucial technical breakout
The price broke a major resistance near 0.00000930, attracting new investors and triggering a rapid buying wave.
The crossover of moving averages (especially MA25 above MA99) in yesterday's session gave a strong bullish signal.
2. A bombshell tweet from a large anonymous account
A famous account specializing in memes @MemeWhaleX posted an encrypted tweet:
"PEPE is about to paint the frog chart of dreams 🐸💚. Get ready for liftoff. #PEPEArmy"
The tweet spread like wildfire, with thousands of likes and retweets, driving speculators to enter the market heavily.
3. Rumors about a new listing for #pepe
An unconfirmed rumor circulated about the possibility of listing $PEPE on one of the hot wallets on Robinhood, despite the absence of official confirmation.
📉 Downward: Has the door closed on latecomers 🤔?
After the thrill of the rise, the market took a harsh corrective hit. The reasons are numerous, but these are the most prominent:
1. Intense profit-taking by major speculators silently
Whales took advantage of the rapid jump to sell massive amounts at the peak (0.00001030+), causing quick selling pressure and a price slip.
2. The MACD indicator has entered a negative phase 🕶
The MACD currently indicates a slight bearish crossover, with a red trend on the histogram. This is a signal of slowing upward momentum and the market entering a corrective phase.
3. A corrective tweet from the same anonymous account
The same account later posted:
> "Don’t FOMO too hard. Frogs leap… and land. Stay smart 🧠🐸"
What gave an implicit signal that the jump has ended temporarily, prompting some traders to exit before the slip.
🔮 Upcoming outlook: Is there hope or a potential threat?
🔸 Extremely critical support:
The 0.00000930 level has become an important psychological and technical support, and if broken again, we may return to the 0.00000888 region.
🔸 Next resistance ⚡️:
The area between 0.00000988 and 0.00001010 will be critical for any subsequent upward attempts.
🔸 Daily indicators💡:
RSI is at moderate levels, indicating room for further movement in both directions.
Trading volumes in the last 24 hours show a slight decline compared to yesterday's peak, indicating confusion in the market.
🧠 Summary of the article: What lies beyond the jumps is not always "memes" but can be precisely calculated.
PEPE coin has once again proven that the world of meme coins is not child's play. One tweet can ignite a wave, but profit-taking is ruthless. Between listing rumors and whale games, the golden advice remains:
Follow the news, watch the charts, and don’t enter late to a feast that has ended.
🚨 Upcoming danger zone? If PEPE breaks the 0.00000930 level again... we might return to frog hibernation until further notice.