Panic Sell-Off or Whale Opportunity?

TL;DR

• PEPE trades close to $0.00001126, with analysts warning of a slide towards $0.0000097.
• RSI close to 27 exhibits oversold situations as whales enhance holdings and exchanges see outflows.
• The symmetrical triangle sample suggests a possible breakout, however the value stays below vital short-term assist.

PEPE Value Drops Amid Heavy Buying and selling

Meme-inspired cryptocurrency PEPE fell practically 9% previously 24 hours. The token was buying and selling at $0.00001 at press time, with a 24-hour quantity of $817,709,519. Over the previous week, PEPE is down 13% as robust promoting and liquidations stress the market.

Crypto analyst Ali Martinez said that PEPE should reclaim $0.0000118 as assist to keep away from a fall towards $0.0000097. The token is presently round $0.00001126, slightly below that stage. If it fails to get well, the subsequent helps sit close to $0.0000108, $0.0000105, and $0.0000097.

$PEPE must reclaim $0.0000118 as assist to keep away from a possible drop to $0.0000097! pic.twitter.com/zLshQB3irL

— Ali (@ali_charts) August 1, 2025

On the 4-hour chart, Bollinger Bands are widening as PEPE trades close to the decrease band. This setup displays robust promoting stress and elevated volatility. The token is beneath the center SMA line, holding the short-term pattern adverse.

In the meantime, the Relative Power Index (RSI) is close to 27, inserting the token within the oversold space. Such readings typically level to robust promoting momentum and the prospect of a short-term bounce. A sustained transfer above 30 on the RSI would counsel that patrons are stepping in.

Market Sample Exhibits Decrease Highs

Analyst Token Speak noted that PEPE is shifting inside a symmetrical triangle on the day by day chart. The value motion is testing the $0.0000108 – $0.0000115 assist zone, and a breakout above the triangle might goal for $0.0000130 – $0.0000145.

The market has been printing decrease highs and going through repeated promoting. If PEPE stays beneath $0.0000118, the downtrend might prolong towards $0.0000097, which is the subsequent main assist space.

Whale Exercise and Change Balances

Nansen information exhibits whale holdings at 305.52T, up 3%, whereas change balances are 250.62T, down 2%. 

Whales are rising their positions as fewer tokens can be found on exchanges. This takes out some near-term promoting stress, however the market stays short-term weak.