- Pepe has fallen around 70% and wiped out all the profits from November.
- But there has been an increased whale interest with the most important demand zone.
Memecoins and the total Altcoin sector are modest when Bitcoin’s dominance above 60%jumped.
In the past three weeks, more than $ 44 billion has been out of the memecooid segment and Pepe [PEPE] was one of the worst affected.
Source: X
The memecoin with frog theme has fallen almost 70% from its highlights from $ 0.000028 to the beginning of November 2024. This means that it has erased all ‘Trump -Pomp’ profit.
However, the current discount attracts whales. Allegedly a big player scoop 280 billion Pepe -Tokens, which increases their position to $ 13.2 million. So do you have to continue?
Pepe Price Prediction: Will November support hold?
Source: Pepe/USDT, TradingView
On the 3-day graph, the retracement is back to the level that the November rally activated. This price surface (cyan) also doubled as the peak of March 2024. Apart from Augustus, this level held relatively further Pepe Dumps.
If the weather is stable, the level (above $ 0.0000080) can mark the bottom of Pepe. The immediate rebound goal would be the 100-day EMA ($ 0.000012).
The Chaikin Money Flow (CMF) indicated a likely reversal, which showed improved capital flows, but still below average. However, the 3-day graph RSI went at the time of a sold-over zone, but still had to signal a reversal.
Conversely, a break under the support of November Pepe Lager to the next area can drag under $ 0.000006 (white).
Source: Pepe/USDT, TradingView
That said, important statistics in the chain were strong bearish at the time of the press. In particular, the social volume has been on a downward trend since December, which suggests that market interest rate on social media platforms has decreased considerably.
Read Pepe [PEPE] Priority 2025-2026
Moreover, the weighted sentiment was negative, but recovered somewhat to the neutral level.
A positive sentiment, an increase in social volume and the decisive defense of November support should be instructions for a likely reversal on the price charts.
Source: Santiment
