Pepe Price Plunge: Whale Dump Sparks Market Panic – Is This the Bottom?

Whale-sized sell orders just gutted Pepe's price—triggering a domino effect of panic selling across meme coin markets.

Blood in the water

The sudden dump caught retail traders flat-footed, with liquidation cascades wiping out leveraged positions in minutes. Chart patterns now suggest either a classic bull trap or the mother of all buying opportunities.

Market psychology 101

Fear's contagious when big players cash out. But history shows meme coins thrive on volatility—today's 'disaster' could be tomorrow's 'I told you so' moment. Just ask the degens who bought Dogecoin at $0.002.

Silver lining playbook

While paper hands flee, on-chain data shows accumulation by anonymous wallets. Somebody's getting a discount—probably the same 'whales' who orchestrated this dip. How convenient.

Pepe Price Prediction: PEPE Could Drop to $0.00000850 If It Breaks Below This Key Support

Pepe’s daily chart shows that the price started to retreat upon hitting the $0.00001450 mark and dropped below the 200-day exponential moving average in the past few days.

Now, the 9-day and 21-day exponential moving averages (EMAs) have made a ‘death cross’ as they crossed below their long-term peer. This favors a bearish Pepe Price prediction and could mark the beginning of a pronounced downtrend.

The key support to watch at this point is the $0.00001050 area. If PEPE breaks below this level, the odds WOULD favor a push to a much higher zone – possibly at around $0.00000850.

However, since market sentiment and momentum still favor a bullish outlook, short-selling PEPE at this point would be risky as it means going against the prevailing trend. A confirmed breakout below $0.00001050 would justify taking a short position.

Whether you believe that PEPE will drop to these low levels or the opposite, you can profit from your prediction through a new crypto futures trading platform called CoinFutures that lets you take directional positions on your favorite cryptocurrencies without the hassle of doing real trading.

CoinFutures Supports Auto Trading Features and Offers 1000X Leverage to Boost Gains

CoinFutures allows users to profit from the future price movements of top cryptos like Bitcoin (BTC), Cardano (ADA), and ethereum (ETH) without buying these cryptocurrencies directly. Meme coins like PEPE will be added to the platform shortly as well.

The platform mimics the real-time volatility and price action of the crypto market through a sophisticated algorithm and integrations with top exchanges to offer transparent pricing.

Users can use a price multiplier feature to take much larger positions and potentially increase their profits if the market moves in their favor.

Moreover, an auto trading tool can be used to set a stop-loss and take-profit target to limit losses and cash out when the position turns a profit.

To open an account, simply head to the CoinFutures website and click the “Register” button.

You can deposit money via crypto transfers of USDT, USDC, ETH, and more or use a bank card.