The post Whale Accumulation Reaches $20 Million Despite 50% Market Cap Decline appeared on BitcoinEthereumNews.com.

TLDR PEPE coin’s market cap has fallen from $8.7 billion to $4 billion, marking a 50% decline Large holders have withdrawn up to $20 million worth of PEPE from exchanges to cold storage Technical indicators suggest the possibility of a bullish reversal from oversold conditions Smart Money has shown interest with a net flow of $813K in recent trading PEPE is attempting to break through a resistance zone at $0.00000780 with positive technical signals The past month has been rocky for PEPE coin. The popular meme cryptocurrency has seen its value drop by half. Its market cap fell from $8.7 billion to $4 billion. When measured from its all-time high of $11.12 billion, the decline is nearly 60%. This downturn has made many investors cautious. Few are willing to buy at current prices. But some see this as a chance to dollar-cost average their holdings. One positive sign is the behavior of large investors, often called “whales.” Reports show up to $20 million worth of PEPE has been moved from exchanges to cold storage. This suggests these big players have faith in PEPE’s future. They’re holding for the long term rather than selling during the dip. As of the latest data, PEPE is trading at around $0.00000789. Its 24-hour trading volume remains high at $905 million. The price has fallen 8% over the past week. The 30-day decline stands at 42%. Pepe Price on CoinGecko Technical Analysis Technical analysis shows some hope for recovery. The Relative Strength Index (RSI) indicates PEPE may be oversold. This often precedes a price bounce. Other technical signs are also promising. Multiple confirmations of “Breaks of Structure” (BOS) and “Changes of Character” (CHoCH) suggest PEPE is reclaiming key support levels. The coin is now attempting to break through a resistance zone at $0.00000780. If successful,…

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Filed under: News - @ March 26, 2025 1:28 pm