PEPE coin has seen significant reliance on whale support to break through key resistance levels, but recent developments may weaken this support, leading to a bearish MACD crossover and a potential downturn. Bitcoin has seen a nearly 7% weekly decline, highlighting the stark contrast in capital inflow compared to altcoins. Despite this, PEPE's post-election cycle performance has been exceptional, with an all-time high of $0.00002524, but a correction was inevitable due to extreme trading volume.
PEPE coin has significantly relied on whale support to reach and break through key resistance levels, achieving an all-time high of $0.00002524 just two weeks ago. However, recent developments indicate a shift that could weaken this support, leading to a bearish MACD crossover and a potential downturn. Bitcoin , meanwhile, has seen a nearly 7% decline weekly, highlighting the stark contrast in capital inflow compared to altcoins.
Despite these challenges, the cycle post-election has seen PEPE coin perform exceptionally well, but a correction was inevitable due to the surge in trading volume. The withdrawal of tokens by whales has been a significant factor in the recent downtrend of PEPE, positioning it below its earlier resistance at $0.000020. December may be crucial for PEPE, potentially breaking past $0.00002600, contingent on the market's direction and volatility
PEPE Coin Whale Support Bearish MACD Bitcoin Altcoins Market Volatility
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