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Over $1 Million Lost in PEPE Liquidations: Is More Downside Ahead?
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- PEPE’s cascading liquidations increase bearish momentum across major trading wallets.
- Price remains below key resistance, with further downside likely without quick recovery.
- Triangle pattern on daily chart signals imminent volatility in upcoming sessions.
Pepe (PEPE), the popular memecoin, finds itself under mounting pressure as technical indicators and on-chain data suggest further downside. With a steep drop in price over the past week and cascading liquidations triggered across major wallets, PEPE is nearing a critical inflection point.
The broader market sentiment has turned bearish, and unless bulls step in decisively, the token could face deeper losses. A series of failed support retests and increasing sell volume have put PEPE in a vulnerable position, and many eyes are now on its next move.
Liquidation Cascade Adds Fuel to the Fire
According to Lookonchain, James Wynn’s PEPE long position in a separate wallet suffered a severe liquidation event. The total losses from this position exceeded $1 million, leaving only $14,850 in the account.
This loss adds to the growing wave of forced sell-offs in PEPE-linked wallets as price support contin…
The post Over $1 Million Lost in PEPE Liquidations: Is More Downside Ahead? appeared first on Coin Edition.
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Over $1 Million Lost in PEPE Liquidations: Is More Downside Ahead?
Share:
- PEPE’s cascading liquidations increase bearish momentum across major trading wallets.
- Price remains below key resistance, with further downside likely without quick recovery.
- Triangle pattern on daily chart signals imminent volatility in upcoming sessions.
Pepe (PEPE), the popular memecoin, finds itself under mounting pressure as technical indicators and on-chain data suggest further downside. With a steep drop in price over the past week and cascading liquidations triggered across major wallets, PEPE is nearing a critical inflection point.
The broader market sentiment has turned bearish, and unless bulls step in decisively, the token could face deeper losses. A series of failed support retests and increasing sell volume have put PEPE in a vulnerable position, and many eyes are now on its next move.
Liquidation Cascade Adds Fuel to the Fire
According to Lookonchain, James Wynn’s PEPE long position in a separate wallet suffered a severe liquidation event. The total losses from this position exceeded $1 million, leaving only $14,850 in the account.
This loss adds to the growing wave of forced sell-offs in PEPE-linked wallets as price support contin…
The post Over $1 Million Lost in PEPE Liquidations: Is More Downside Ahead? appeared first on Coin Edition.
In This News
Coins
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Coins
Funds
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Bitcoin could be your only liferaft as Bank of England experts brace for alien disclosure chaos