đš $PEPE Price Predictionđ„”đ„: Whale Dump Sparks⥠Bearish Outlook đ„đ„
đŽPepe (PEPE), the popular meme coin, is poised for a significant price đdecline after forming a bearish head and shoulders pattern đ„on the daily chart.
đ©This bearish outlook follows a whale's massive dump đ€of 427 billion PEPE coins worth $8.5 million onto the Kraken exchange.
đ Key Highlights:
đŽWhale dump: 427 billion PEPE coins worth $8.5 million
đ”Whale still holds 1 trillion PEPE with a profit of $2 million
đŽPEPE's open interest drops by 15%
đ”Trading volume increases by 10% in the past 24 hours
đ Technical Analysis:
đ©Bearish head and shoulders pattern on the daily chart
đȘSupport level at $0.0000166 weakening
âŹPotential drop by 20% to $0.000013 level
đ©RSI close to oversold area, indicating potential upside momentum
â ïžWarning: Selling Pressure Ahead?
đ”The whale dump and bearish price action may create selling â pressure, leading to further price decline.
đŽStay cautious and monitor the market closely and share your thoughts.
#PEPEâ #PEPEćććČæ°é« #BinanceSquareFamily #BTC #cryptouniverseofficial $ETH
