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Pepe faces significant headwinds as on-chain data shows whales selling off their bags, pushing price down 2%.
What's Happening:
Price dips to $0.00000381 Whales reported to be reducing holdings (capitulation)Sentiment hits 86% bearish according to some metricsBroader meme coin sector is "risk-off"
Why It Matters: Meme coins live and die by whale games. When the smart money leaves, the retail holders are left holding the bag. Capitulation, however, is often a necessary reset before a new trend can emerge.
Technical View: $PEPE is in a downtrend. $0.00000350 is the next support zone. Resistance is at $0.00000450. Without a meme viral moment, gravity is the path of least resistance.
🎯 Key Levels:
Support: $0.00000350 | Resistance: $0.00000450 24h Range: $0.00000380 - $0.00000400
💡 Feels bad man
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Pepe #PEPE #MemeCoin #CryptoWhales #BearMarket
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.