$PEPE Coin remains one of the most talked-about meme tokens amid broader crypto volatility. Recent market data shows price weakness and a downtrend with volatility still high — the token has struggled to hold recent gains and is trading below key resistance levels. �
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🐋 Whale Activity & Supply Dynamics:
On-chain analysts report that roughly 33 % of the supply is held by a small group of wallets, a concentration that can amplify price moves if whales decide to sell or accumulate. � Recent reports also show smart money and whales reducing positions, which has pressured prices. �
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📈 Technical Signals:
Some technical patterns show potential bullish setups (e.g., tightening ranges and oversold indicators) that could precede a breakout if buying pressure returns. �
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Conversely, futures open interest and momentum metrics have weakened, hinting at fragile market structure and increased risk of downside continuation. �
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📌 What Traders Are Watching:
Bullish scenario: A confirmed breakout above immediate resistance could reignite upside, possibly testing higher levels if volume picks up.
Bearish risk: Continued whale selling and low institutional participation could push the price lower or keep it range-bound. �
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