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PEPE Fights to Stay Afloat: Price Faces Another 18% Drop if Key Support Breaks
The memecoin PEPE is under heavy pressure. While major holders — the so‑called whales — continue quietly accumulating, weak retail demand and persistent selling are dragging the price lower. Analysts warn that if the current support level fails, the token could lose another 18%.
🔹 Technical outlook remains tense
Over the past three months, PEPE has dropped more than 55%, and nearly 75% year‑over‑year. A brief bounce at the end of November brought only limited relief. RSI is showing a hidden bearish divergence — prices are dropping while RSI climbs — a sign that recent bullish moves lack strength.
🔹 Critical support zone under threat
Current price action suggests a possible retest of lower support zones. If these levels fail, analysts expect deeper losses, as there are few strong support layers below the current range.
🔹 Whales accumulate, retail investors sell
On‑chain data shows that larger holders have been slightly increasing their positions. Meanwhile, smaller traders appear to be panicking — exchange inflows are rising, typically signaling selling intent.
🔹 Smart Money remains cautious
Institutional and “smart money” flows indicate limited confidence in a rapid rebound. Market sentiment remains defensive, with few signs of strong large‑scale buying.
🔹 Double‑bottom pattern could bring hope
Some technical analysts see the early formation of a potential double bottom. If confirmed, it could support a future trend reversal. However, this requires current support levels to hold.
🔹 Market outlook
The outlook for PEPE remains uncertain. Short‑term pressure favors further downside, though whale accumulation suggests interest in long‑term exposure. The next decisive test will be whether buyers defend the key support and push through nearby resistance levels.
#PEPE , #memecoin , #crypto , #CryptoWhales , #stockmarket
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