Pepe Coin Price Jumps 14% but Whales Stay Out: Is the Rally at Risk?
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Key Insights:
- Pepe Coin price jumped 14%, but big buyers did not support the move.
- Hidden bearish signals show the downtrend may still continue soon.
- Pepe price must stay above key levels or risk a sharp pullback.
Pepe Coin price went up about 14% in the last 24 hours. It was one of the stronger price jumps among memecoins today. But Pepe still looks weak overall.
Despite today’s rally, which showed up across the whole altcoin space, PEPE is down about 28% this month and about 53% in the last three months.
This means the jump is happening inside a bigger downward trend.
Pepe Coin Price Rises, but Big Buyers Still Avoid It
Pepe price increased, but whales did not buy. Whales are very large wallets that hold large amounts of tokens.
Spot data shows whales and the top 100 wallets did not add more PEPE Coin over the past 24 hours. Smart-money groups stayed quiet, too. These groups, staying quiet while the market pumps, show low price-specific conviction.
The only buying came from many small retail wallets, shown by exchange outflows. This means the price went up without strong support.
The exchange outflows surged a bit, but that could have been due to the top PEPE Coin wallets selling into strength. The derivatives market also shows weakness.
In the last 24 hours, crypto whales reduced their long positions by 7.34%. This means that they might not be expecting the prices to go higher.
Long positions are trades that expect the price to rise. The top 100 traders also cut their longs by almost 26%. When these groups cut longs during a price jump, it often means they believe the price can fall again.
The only silver lining has to be the smart money. Even though they are still net short or bearish, they have slightly moved towards the long side.
Pepe Coin Price Shows a Warning From RSI and Key Levels
Between Nov. 27 and Dec. 2, the Pepe coin price made a lower high. The RSI made a higher high at the same time. This is a hidden bearish divergence. It often means the downtrend can continue even after a short-term rise.
RSI, or the Relative Strength Index, measures price-specific momentum. Hidden bearish divergence means that buyers might not be strong enough to drive the prices higher.
Pepe price needs to stay above $0.000005047 to show basic strength. A real trend change only comes if it breaks $0.0000052, which is about 15% higher.
If Pepe coin price falls again and drops under $0.000005046, the next support sits near $0.0000039.
This level would erase the full jump and create a drop almost equal to the recent 14% gain. So the risk and reward are very close right now.
Volume and Analyst Views Still Do Not Support a Strong Rally
Some analysts on X say Pepe coin may be forming a large head-and-shoulders breakdown. However, the bearish breakdown confirmation needs volume support.
The volume must increase for a strong trend change. Right now, the volume does not confirm any reversal. The head and shoulders pattern is more like a bearish reversal and often leads to sharp corrections.
This price rally might just have helped PEPE form the right shoulder, setting up the pattern more clearly. That also explains the lower high made by the price, as discussed earlier.
The 14% rise looks good at first, but the groups that matter the most: Whales, top traders, and momentum indicators, are not supporting it. Until these parts of the market turn positive, the Pepe coin price rally stays weak and can reverse fast.
The post Pepe Coin Price Jumps 14% but Whales Stay Out: Is the Rally at Risk? appeared first on The Coin Republic.
In This News
Coins
$ 0.00...469
+13%
$ 0.000256
$ 0.00...897
+8.71%
$ 0.000193
+25.2%
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In This News
Coins
$ 0.00...469
+13%$ 0.000256
$ 0.00...897
+8.71%$ 0.000193
+25.2%Share:
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Pepe Coin Price Jumps 14% but Whales Stay Out: Is the Rally at Risk?
Share:
Key Insights:
- Pepe Coin price jumped 14%, but big buyers did not support the move.
- Hidden bearish signals show the downtrend may still continue soon.
- Pepe price must stay above key levels or risk a sharp pullback.
Pepe Coin price went up about 14% in the last 24 hours. It was one of the stronger price jumps among memecoins today. But Pepe still looks weak overall.
Despite today’s rally, which showed up across the whole altcoin space, PEPE is down about 28% this month and about 53% in the last three months.
This means the jump is happening inside a bigger downward trend.
Pepe Coin Price Rises, but Big Buyers Still Avoid It
Pepe price increased, but whales did not buy. Whales are very large wallets that hold large amounts of tokens.
Spot data shows whales and the top 100 wallets did not add more PEPE Coin over the past 24 hours. Smart-money groups stayed quiet, too. These groups, staying quiet while the market pumps, show low price-specific conviction.
The only buying came from many small retail wallets, shown by exchange outflows. This means the price went up without strong support.
The exchange outflows surged a bit, but that could have been due to the top PEPE Coin wallets selling into strength. The derivatives market also shows weakness.
In the last 24 hours, crypto whales reduced their long positions by 7.34%. This means that they might not be expecting the prices to go higher.
Long positions are trades that expect the price to rise. The top 100 traders also cut their longs by almost 26%. When these groups cut longs during a price jump, it often means they believe the price can fall again.
The only silver lining has to be the smart money. Even though they are still net short or bearish, they have slightly moved towards the long side.
Pepe Coin Price Shows a Warning From RSI and Key Levels
Between Nov. 27 and Dec. 2, the Pepe coin price made a lower high. The RSI made a higher high at the same time. This is a hidden bearish divergence. It often means the downtrend can continue even after a short-term rise.
RSI, or the Relative Strength Index, measures price-specific momentum. Hidden bearish divergence means that buyers might not be strong enough to drive the prices higher.
Pepe price needs to stay above $0.000005047 to show basic strength. A real trend change only comes if it breaks $0.0000052, which is about 15% higher.
If Pepe coin price falls again and drops under $0.000005046, the next support sits near $0.0000039.
This level would erase the full jump and create a drop almost equal to the recent 14% gain. So the risk and reward are very close right now.
Volume and Analyst Views Still Do Not Support a Strong Rally
Some analysts on X say Pepe coin may be forming a large head-and-shoulders breakdown. However, the bearish breakdown confirmation needs volume support.
The volume must increase for a strong trend change. Right now, the volume does not confirm any reversal. The head and shoulders pattern is more like a bearish reversal and often leads to sharp corrections.
This price rally might just have helped PEPE form the right shoulder, setting up the pattern more clearly. That also explains the lower high made by the price, as discussed earlier.
The 14% rise looks good at first, but the groups that matter the most: Whales, top traders, and momentum indicators, are not supporting it. Until these parts of the market turn positive, the Pepe coin price rally stays weak and can reverse fast.
The post Pepe Coin Price Jumps 14% but Whales Stay Out: Is the Rally at Risk? appeared first on The Coin Republic.
In This News
Coins
$ 0.00...469
+13%$ 0.000256
$ 0.00...897
+8.71%$ 0.000193
+25.2%Share:
In This News
Coins
$ 0.00...469
+13%$ 0.000256
$ 0.00...897
+8.71%$ 0.000193
+25.2%Share:
Read More
Crypto News: Bank of America’s ‘Positive’ 4% Call Sounds Bullish, but Why Now?