PEPE Crash Chaos: 22% Plunge Looming – Act Now! 😱

by

Key Takeaways

Imagine a cheeky little memecoin named PEPE, sketching out a head-and-shoulders pattern on its daily chart like some mischievous artist. If it doesn’t scamper back above the $0.000013 resistance pronto, we’re talking a whopping 22% nosedive! 😏 Oh, the drama of it all.

That fiery red candle has lit up a classic bearish reversal, and now traders are huddled like children in a Dahl tale, waiting for the big bad drop. Poor PEPE, always the show-off in the memecoin circus. 😂

PEPE struggles near breakdown zone

The whole crypto market’s been slumping or just plain bored, dragging our froggy friend down with it. PEPE’s taken a 7.5% hit in the last day, skulking towards that neckline at $0.000012. How predictable! 😒

Trading volume? Up 4.5%, which could mean folks are either panicking to hedge or greedily snatching up the dip. Either way, it’s a recipe for chaos. AMBCrypto’s boffins spotted a short-term uptrend, but with a 20% weekly wipeout, reversal’s knocking at the door. The daily chart’s broken from that head-and-shoulders mess, retesting the neckline near $0.00001220 as we speak.

If PEPE can’t claw its way back, a 22% slide to $0.000009 might just happen—fingers crossed it doesn’t! But hey, if it closes a daily candle above $0.000013, buyers could turn the tables and make resistance their playground. As for the Chaikin Money Flow, it’s lounging at 0.02, hinting at a bit of accumulation, but honestly, it’s as limp as a forgotten chocolate bar. 🍫

Expert views on PEPE memecoin

Ah, enter the wise owl of crypto, VegetaCrypto1, chirping on X that PEPE “should sweep tomorrow or day after” before bouncing back. Sounds like a classic fakeout setup—tricky, isn’t it? Just when you think it’s safe to buy, wham! 😜 A delightful little trap for the unwary.

On-chain data supports bearish bias

Now, the on-chain gossip is getting juicy. Investors are buzzing with $1.92 million in net PEPE inflows to exchanges in the last 24 hours—probably sharpening their sell swords. And derivatives? Traders have piled $10.85 million into shorts at $0.00001248, nearly twice the $5.92 million in longs at $0.00001152. What a lopsided bet! It’s like betting against a one-legged racehorse. 🐎😂

All this points to a gloomy outlook, with everyone expecting more downside. But in the wild world of cryptos, who knows? It could all flip faster than a Dahl villain’s scheme. Stay tuned, or don’t—your wallet might thank you. 💸😅

Read More

2025-07-29 16:10