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Is Pepe Coin's Rise in Danger?

$PEPE Coin saw a significant price increase in early 2025, but recently this rise seems to have come to a halt. With whales, namely large investors, releasing 41 trillion tokens into the market, selling pressure on Pepe’s price has increased. The fact that the #Ethereum price has struggled to break the $2,000 level has created a similar stagnation in Pepe Coin’s price movements. If Pepe cannot break through the current resistance level and the selling pressure continues, the price is likely to fall to its lowest level of the year.

According to data provided by Santiment, whales hold a large portion of $PEPE Coin’s supply. It was determined that investors in this group sold 41 trillion tokens from the 165 trillion they owned in February, reducing their total token holdings to 148.7 trillion. This massive sell-off caused Pepe Coin to fall by a double-digit percentage from its peak at the beginning of the year.

The increase in selling pressure is not only affecting the price, but also the decrease in the 90-day Average Age of Investors (MDIA) indicator indicates that the selling trend in the market is increasing. If whales continue to sell, this could lead to a further decrease in the price. However, there have been some positive signals that the selling pressure is decreasing in recent days. In particular, the decrease in the supply of Pepe Coin on exchanges indicates that the buying pressure is not yet strong.

#Pepe Coin has recovered its price after making a low at 0.00000572 earlier this month. A small double bottom formation at this level is considered a promising sign for the price to rise. However, Pepe’s price is currently stuck near a significant resistance level around 0.00000917. Breaking this resistance level could allow the price to rally strongly

⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.

❤️ Don't forget to follow me for developments. @Crypto De Nostradame
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🧙‍♂️• The revenue from customs duties can be used for tax relief.
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🧙‍♂️• I do not expect shocks in the supply chain.
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⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.

❤️ Don't forget to follow me for developments. @Crypto De Nostradame
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