Pepe Coin Forms Critical Pattern as Whale Exodus Accelerates

Whales are dumping Pepe Coin at alarming rates while a dangerous technical pattern emerges—raising red flags across crypto markets.

The Great Exodus

Massive holders are liquidating positions as the meme coin's chart paints a worrying picture. That classic 'buy the dip' mentality gets tested when institutional-sized wallets head for the exits.

Technical Breakdown

Pattern recognition signals suggest potential downside momentum building. Meanwhile, retail traders keep gambling on frog-themed cryptocurrencies while the smart money cashes out—typical Wall Street behavior, just with more cartoon amphibians.

Market psychology shifts from euphoria to panic as liquidity drains from the token. The same influencers who pumped this asset now quietly reposition their portfolios.

When whales swim away, the tide goes out—and we're about to see who's been swimming naked.

Pepe Coin price technical analysis 

The daily timeframe chart shows that Pepe’s price has come under pressure in the past few months, falling from a high of $0.00001667 in May to a low of $0.0000091 today. This price is notable since it coincides with the horizontal line that connects the lowest swings since June this year.

Pepe has formed a descending triangle pattern, a common bearish continuation pattern made up of horizontal support and a descending trendline. In this case, the trendline connects the swing highs on May 22, July 22, and Sep. 13.

Pepe Coin’s price has moved below the 50-day and 100-day Exponential Moving Averages, while the Average Directional Index has risen, a sign that the retreat is gaining momentum.

Therefore, the coin will likely continue to fall as sellers target the next key support level at $0.0000059, the April 6 low.