Why the PEPE Correction Is Not Over Yet
PEPE Correction Continues
The PEPE price is poised for a notable decline, with whales halting their accumulation last week, reflecting a drop in investor interest. The shift of SAR indicator from bullish to bearish and a forecasted 40% correction show a bearish outlook.
Whales Are Not Accumulating PEPE
Analyzing the whale activity in the PEPE market reveals a stabilization in the number of addresses holding at least 100M PEPE, signaling a pause in accumulation. Specific whale groups have slightly decreased, suggesting fading momentum and potential price drop.
PEPE SAR Just Changed Its Status
The SAR indicator transitioned from bullish to bearish, already leading to a 23.08% price decline. The bearish SAR configuration and EMA Lines nearing a death cross hint at another sharp decline, with a 29% correction looming ahead.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.