Pepe price has declined to the critical support level and forced Altcoin whales to sell. Some investors are trying to manage their risks. Small crypto investors need to pay attention to these levels…
Hard drop in Pepe Price: Why does Altcoin sell whales?
Pepe price was rejected from $ 0.00000891, which increased the likelihood of further decrease. In particular, a whale sold $ 3.03 million Pepe Token with a damage of $ 434 thousand. At the same time, another leverage investor lost $ 3,23 million.
Pepe began to decline from 0.00000927 dollars, which he reached by breaking the descending trend line. Unable to maintain the rise trend from this resistance point, Pepe fell to $ 0.00000698 with the support of 0.50 fibonacci.
Pepe, which depreciates over 50 %in five days, can test the level of breakage by terminating the two -week rise trend.
Pepe, April 2025 critical levels
Pepe is trying to recover over the 0.50 Fibonacci correction level of $ 0.00000698. If a leap occurs from this level, the price is likely to reach these resistance zones:
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0.00000811 dollars
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0.00000927 dollars
However, if 0.50 fibonacci support fails, Pepe is likely to fall further. In this case, the price can be withdrawn to 0.00000653 dollars with 0.618 FIB level and 0.00000593 dollars, 0.786 FIB level.
Technical Analysis: Can the decline in Pepe continue?
Pepe’s MACD indicator shows a decreasing momentum on histogram. In addition, a downward intersection took place between MACD and signal lines.
If the decline tendency continues, it is possible that Pepe will test the critical support zone of $ 0.00000593. However, if a potential upward intersection occurs in MACD, Pepe may rise again.
If the price can be held on the 0.50 Fibonacci level, this can be considered as an entry point for investors. In this case, it may be possible to increase the price again to $ 0.00000927.
Altcoin whales sell pepes to the loss
Sales pressure on Pepe increased with a whale selling 438 billion Pepe Token. This sales caused 434 thousand dollars to the whale and led to large -scale sales waves in the market.
Another investor suffered a $ 3.23 million loss with a pepe investment of $ 21.6 million. As we have quoted as Kriptokoin.com, this investor deposited 3.8 million USDC to the Hyperliquid platform and turned some of his position in cash and recorded $ 1.3 million.
A total of 1 trillion Pepe Token sales dragged prices below significant support levels. Large -scale liquidations created a feeling of decrease in the market at a time when investors expect prices to reach new support areas.
Risk management plays a critical role among the leveraged investors. In particular, investors who have an unrealized loss of $ 3.23 million, closely monitor whether the decline in the market will continue.
The market feeling is still confused. While some investors think that Pepe will continue to fall, others argue that sales pressure reached the summit and soon began to recover.
Pepe can reduce decline pressure by creating new levels of support, which can allow recovery movements.
