Whales Gobble PEPE as Price Dips 6%—Here’s Why a Rebound Could Be Brewing

PEPE stumbles as crypto markets wobble—but the big players are buying the dip.

Whales load up while retail panics. Sound familiar?

Technicals flash oversold signals. A 6% drop looks more like a clearance sale for deep-pocketed traders.

Market jitters? Absolutely. But when has that ever stopped crypto from pulling a surprise rally?

Just remember: In crypto, 'smart money' often means 'other people’s money.'

Technical Analysis Overview

PEPE has struggled to hold gains after testing resistance near $0.0000106, encountering firm selling pressure that pushed the price lower.

The coin found support around $0.00000965, keeping it from sliding further, though the overall trading range reflects persistent volatility, according to CoinDesk Research's technical analysis data model.

Charts show a descending channel shaping the recent price action, with sellers stepping in on upward moves. Trading volumes reveal a pattern of distribution during price spikes, hinting that traders are offloading positions rather than building fresh longs.

However, brief rebounds and surges in buying interest suggest the memecoin isn’t out of the fight. A burst of volume helped lift prices modestly from recent lows, signaling that some traders still see room for a bounce if broader market sentiment improves.